Leeds United takeover

The takeover of Leeds United will see Gulf-based investment bank GFH Capital take control of the club.

Latest ITV News reports

£52m Leeds United takeover completed

Leeds United's new owners finally completed a deal to assume control at the Championship club and told fans to look forward to a bright future. GFH Capital, a Dubai-based investment bank, have put pen to paper on a reported £52 million takeover.

The move brings to an end 206 days of protracted talks between the 2 parties. New club directors David Haigh and Salem Patel gave their first press conference this morning, and there for us was our sports reporter, Chris Dawkes.


New era at Leeds United

The takeover of Leeds United has finally gone through today, with the new owners promising a fresh start for the Championship club, but warning fans they won't be spending silly money in the transfer market.

One notable absentee when details of the 52 million pound deal were unveiled at Elland Road this morning, was former owner Ken Bates. But our sports reporter Chris Dawkes WAS there

BREAKING: New owners outline plans for Leeds

We're not going to spend crazy money like some clubs have done" - Salem Patel

"We've bought this club with cash, we'll continue to interact with fans. We're open to the concerns of fans" - David Haigh

In January we'll do our best to support Neil but we won't say how much we'll have to spend" - Salem Patel

We'd like to thank Ken and Suzannah Bates for helping us complete this transaction" - Salem Patel

This is the start of the way forward. Time is the judge as to how the club goes forward. Everyone wants to see the club back in the prem. It is part of our plans to buy back the stadium but we can't put a time frame on that " - Salem Patel


New owners eye bright future for Leeds

Elland Road - home of Leeds United
Elland Road - home of Leeds United Credit: ITV Yorkshire

Leeds United's new owners believe they can deliver a "fresh start" for the npower Championship club.

A press conference has been called for 11.30am when details of GFH Capital's reported £52million takeover are set to be spelled out.

A statement on Leeds' website this morning confirmed the Dubai-based investment company would take 100% charge, with GFH deputy chairman David Haigh, who became a director last month, to be joined on the board by fellow executives Salem Patel and Hisham Alrayes.

"We are delighted, but also honoured and proud to be the new owners of Leeds United football club," Haigh said.

"We have had over 4,000 e-mails of support from fans and we have been overwhelmed by the reaction. "Everyone we have spoken to in the city has been fantastic."

Patel added: "We are looking forward to a bright future. This is a fresh start for the football club and we welcome fans both old and new to Elland Road."