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."