GFH Capital, owners of Leeds United FC, today unveiled the first move in its long term strategy of bringing a consortium of investors into the ownership of the club with announcement the sale of 10% of its holding to the International Investment Bank.
IIB is the first strategic investor to come into the club in line with GFH's long-stated plans to strengthen the club's overall shareholder base.
Others are expected to join as GFH Capital creates the ownership structure which will provide the club with sound long term finance as the basis for its return to the top tier of English football.
'We are delighted to become investors in Leeds United and would like to thank GFH Capital for facilitating this for us.
The introduction of IIB is in keeping with what have always been GFH Capital's aims for the successful, sustainable and long term ownership of Leeds United FC. We believe that a consortium of like-minded investors provides the best ownership model for a club which belongs among the elite of English football clubs and global sporting brands. It is our aim to provide the finance and the stability to enable the club to complete that journey as soon as possible
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Much brighter than previous days this week. Decent sunny spells, large areas of cloud around North Sea areas
A few thunderstorms clipped Lincolnshire on Friday night, but they have now decayed and it should be mostly just cloudy on Saturday
It's goodbye to all that mist and low cloud from Sunday.