Leeds owners dispel sale talk

Leeds United's owners have moved to quash reports that they are ready to offload the Championship club.

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

Elland Road: Investment sought

Elland Road: Investment sought

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Gulf Finance House completed their protracted takeover of the Elland Road outfit on 21 December 2012 but the company's statements revealed an 'active plan' to sell a stake in LUFC Holdings Limited.

However, the Bahrain-based investment company has moved to clarify the statement, saying it was only selling part of its share in the club to raise investment.

A statement on the club's website read: "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 £10m 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."

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