Leeds United "to be sold within 12 months."
The Bahrain-based Gulf Finance House has given formal notice that it is ready to sell Leeds United - and it has begun talks to do so.
New era for Leeds United
GFH Capital were unveiled as Leeds United's new owners, with directors David Haigh and Salem Patel outlining their vision for the future.
Gulf bank due to complete United deal
The long-awaited takeover of Leeds United, which will see Gulf-based investment bank GFH Capital take control, will be confirmed today
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Leeds United future confusion
There is confusion over the future of Leeds United. This morning it appeared the club's owners GFH Capital were prepared to sell the club, but now it seems that's not the case.
They released a statement this afternoon saying they were looking for investment, not a complete sale. Our sports reporter, Chris Dawkes, has been following the story and his report contains flash photography.
Leeds United: Statement from owners
The owners of Leeds United have issued the following statement:In March 2013, Gulf Finance House (GFH), parent company of Leeds United FC owner GFH Capital, published its financial audited report that stated it was looking to sell its stake in the club.
To clarify and as previously stated, GFH Capital is looking for investment in part of its share in the club, not its entirety.
GFH Capital has been transparent since acquiring Leeds United and is continuing to look for strategic investors in part of the club that can invest in Leeds United, alongside GFH Capital, to ensure a long term, sustainable future.
Since GFH Capital took ownership of Leeds United, it has fulfilled its promise of investing in the club, with around £10 million having already been injected into the club; to strengthen the squad and for other working capital purposes.
Additional financial support will continue to be provided as required. Through cutting ticket prices, reducing 2013/14 season ticket costs and the introduction of half season tickets, attendances have risen at Elland Road .....
.....as GFH Capital continues with its goal of re-engaging existing fans and attracting new supporters to the club, plus the recent International Soccer Schools and ‘Take it to the Kids’ initiatives.
To date, GFH Capital has fulfilled the plans pledged and its strategy for the club remains the same; to build a group of strategic investors to put Leeds United in the best position both on and off pitch for the long term.
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Leeds United "to be sold within 12 months."
The Bahrain-based Gulf Finance House has given formal notice that it is ready to sell Leeds United - and it has begun talks to do so.
Read the full story£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.
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EXCLUSIVE: Leeds United's new owners reveal their plans for the club - the entire press conference
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.
New directors Salem Patel and David Haigh joined United's Sean Harvey at today's press conference at Elland Road.
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
New era for Leeds United
GFH Capital were unveiled as Leeds United's new owners, with directors David Haigh and Salem Patel outlining their vision for the future.
Read the full storyBREAKING: New owners vow to buy back Elland Road
New Leeds United director Salem Patel has revealed the new owners want to buy back Elland Road stadium from Leeds City Council. He told a press conference : "It is part of our plans to buy back the stadium but we can't put a time frame on that "
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