It's been reported that the Dubai-based company that wants to buy Leeds United has invested £2m in the club this summer. There are further claims that figure could actually be nearer £6m.
The transfer of £2m is understood to have taken place during the summer when Leeds were rebuilding their squad and talks between the board at Elland Road and GFH Capital ( a private equity firm owned by a Bahraini investment bank) were gathering speed.
For almost 5 months now United have been in negotiations with GFH Capital over a £52m buy-out of the club. Though speculations over the financial state of the parent company has raised concerns about the viability of the takeover.
More doubts have been raised over whether the Gulf-based investment company looking to buy Leeds United can complete the deal.
Ken Bates reveals he is in talks with banking institution over club's future