- 2 updates
Sport Capital's bid to take a 75% share in Leeds United looks to be on the rocks as the consortium and current owners GFH wrangle over details.
Headed by United's managing director David Haigh, Sport Capital were thought to have completed a deal in time to provide transfer funds for Brian McDermott.
It's been reported today that the deal is far from sealed and there could even be a rival offer from the owner of Serie A club Cagliari.
Italian press are reporting that the Sardinian club's owner Massimo Cellino has made a last minute bid to hijack Sport Capital's bid.
Cellino, 57, was reported to have bid unsuccessfully for West Ham in 2010, and in 20 years at Cagliari has sacked 36 managers.
The Bahrain-based owner of Leeds United, GFH has agreed a partial sale of its stake in the club, the investment firm has said in a statement today. Gulf Finance House said the sale was agreed with British investors, but it did not identify them.
GFH has not given details of the value of the stake or the size of the stake that has been sold. The firm bought Leeds in 2012.