Leeds put up for sale again

Leeds United are up for sale again after owners Gulf Finance House (GFH) confirmed they are looking to offload the club.

Last Updated: 20/03/13 at 16:13 Post Comment

Leeds United: Up for sale again

Leeds United: Up for sale again

GFH only bought United on 21 December but in the company's statements for the year ending 31 December 2012, they have revealed an 'active plan' to sell their stake in LUFC Holdings Limited.

Bahrain-based GFH also described the acquisition of Leeds as a 'bargain purchase'.

"The Group has an active plan to sell its stake in LUFC Holdings Limited, and accordingly, the asset and liabilities acquired were classified as held-for-sale and presented in the consolidated statement of financial position," GFH stated in the company's accounts for 2012.

"Subsequent to the year end, the Group has commenced negotiations relating to the sale of its stake in LUFC Holdings Limited."

Businessman Steve Parkin has been linked with a fresh attempt to buy the club by local media after he failed in his previous attempt.

To add to the sense of uncertainty around Elland Road, Leeds manager Neil Warnock has indicated he will leave at the end of the season if they do not make the play-offs.

United are seven points adrift of the play-off places with eight games to go in the regular season.

Related News

Most Commented

Readers' Comments

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

I

m no Sam Fan and this article sums him up beautifully. I always like to imagine that when he watches anything on TV and hears clapping, he stands up and aknowledges the applause, thinking its for him!

cozens
Football Managers On TV: Sam Allardyce

N

ah, Fergie is just having another pop at Rooney. He just wants to put him down whenever he gets a chance. Rooney is by far the best English player. Carrick is not far behind, mind. However, by elevating Carrick like that, Sir is having a dig at Wayne. Fergie is well-known for mind games like that. Good to see he's still feisty.

timbo
Van Gaal will thrive - Ferguson

Footer 365

Premier League: Alexis Sanchez and Tomas Rosicky give 10-man Arsenal 2-1 win over QPR

Alexis Sanchez and Tomas Rosicky gave Arsenal a 2-1 win over QPR despite Olivier Giroud's second-half sending off.

Premier League: Manchester City respond to Chelsea's victory by winning at West Brom

Manchester City won 3-1 at West Brom to reduce the gap on Chelsea at the top of the Premier League back to three points.

Premier League: Stoke manager Mark Hughes praises tactical display in win over Everton

Stoke manager Mark Hughes believes his side got their tactics right as they picked up a 1-0 win at Everton.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property