The Gulf-based owners of Leeds United have given formal notice that they are in talks to sell the club just three months after they bought it from Ken Bates. A financial statement from Gulf Finance House, the parent company of GFH Capital, says they bought Leeds for a "bargain purchase" in December and they are now holding the club for sale - with "maturity" predicted within six months to one year.
GFH have also revealed for the first time that they paid around £22m for the club when they bought it from the principal shareholder Bates in December 21 2012. They now believe the club is worth £7m than they paid for it.
For Leeds United fans, the latest statement confirms what most knew already - that GFH were likely to be in it for just the short-term. But even though talks are underway, it raises the prospect of months of even more uncertainty at Elland Road and questions remaining about much-needed investment in the playing side.