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Leeds United owners in sale talks

The Gulf-based owners of Leeds United have given formal notice that they have begun negotiations to sell the club just three months after buying it.

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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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