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.

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Readers' Comments

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

I

thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

damoceltic
Bored Of Big Sam? It's Your Right...

H

ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

feed the bear
Rodgers: I'll go if owners want

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