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

N

o credit to Brendan for playing an innovative 'False No.1' for the first half of the season?

balls-to-monty
Football365's Top Ten PL Goalkeepers

I

ve been really impressed by Adrian when I've seen West Ham matches. Really good keeper and has earnt the 'Ammers many a point this season. Wouldn't swap Lloris for anyone either, he's currently far too good for us.

dryice
Football365's Top Ten PL Goalkeepers

H

ow is Mignolet, most PL clean sheets this season, not a part of this list? Ridiculous!

mahzaib aziz
Football365's Top Ten PL Goalkeepers

Footer 365

Champions League: Real Madrid's Bale and Benzema fit for Juventus clash

Gareth Bale and Karim Benzema should be fit for Real Madrid's Champions League semi-final first-leg clash at Juventus.

Manchester United confirm tour of US in 2015

Manchester United have confirmed they will face Barcelona, PSG, Club America and San Jose Earthquakes on a US tour this summer.

Nigel Pearson warns Leicester winning run is worth nothing yet

Leicester boss Nigel Pearson is delighted to be out of the Premier League's bottom three but has warned his players they have achieved nothing yet.

Mail Box

Is Mrs Mediawatch A Brighton Fan?

The Mailbox stands firmly in Bournemouth's corner, Jose Mourinho is defended in force and Manchester City would want him if he was sacked at Chelsea...

Mourinho A 'Motivator Of Idiots'

The Mailbox asks whether Jose Mourinho is really that special or is he just 'a motivator of idiots?' And strikers don't come through at top clubs...apparently.

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company