Leeds owners reject takeover bid

Leeds' owners GFH Capital have turned down a bid by an undisclosed party to buy a controlling stake in the club.

Last Updated: 11/02/13 at 07:55 Post Comment

Leeds: Takeover bid rejected

Leeds: Takeover bid rejected

Leeds owners GFH Capital have confirmed they have turned down a bid by an undisclosed party to buy a controlling stake in the club.

It has been reported that a Yorkshire-based consortium made an offer for a 51 per cent share of the npower Championship side with a view to securing a phased buy-out.

The identities of the consortium members have not been disclosed.

"We are aware of growing speculation regarding new investment at Leeds United," GFH Capital said in a statement on Leeds' official website.

"As can be expected with a club as fantastic as Leeds United, since our acquisition we have received several offers to invest in the club alongside us.

"The most recent offer was for a majority stake and has not been accepted.

"Although we continue to seek strategic investors, we will only bring on board those who we feel can make a positive contribution to the sustainable success of Leeds United."

GFH Capital, a Dubai-based investment bank, completed their takeover of Leeds from Ken Bates in December.

Former Hull chairman Adam Pearson indicated earlier this week that he would like to return to football and gave Leeds as an example of a club he would be interested in.

Pearson, the current owner of rugby league side Hull FC, was the commercial director of Leeds for six years before he left the position in 2001.

However, it is not known if he is part of the consortium involved in this latest offer.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew braced for protests

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

Premier League: Crystal Palace beat Everton 3-2 at Goodison Park

Crystal Palace came from behind to beat Everton 3-2 and pick up their first win of the Premier League campaign.

Premier League: Frank Lampard haunts Chelsea as he earns Manchester City earn 1-1 draw

Frank Lampard stepped off the bench to score against his former club and salvage a 1-1 draw for Man City at home to Chelsea.

Premier League: Frank Lampard has mixed emotions after scoring against Chelsea

Frank Lampard was almost speechless after scoring the equaliser for his Manchester City side in the 1-1 draw with Chelsea.

Mail Box

Liverpool Aren't Even Exciting This Season

Liverpool fans are seemingly resigned to slipping back into mediocrity, which in September isn't exactly ideal. Plus better Arsenal, Allardyce praise and an excited Saint...

Be Careful What You Wish For, Gooners

That's the message from a Man United fan in the mailbox. Plus, thoughts on Paul Lambert's new contract, the Alan Pardew dilemma at Newcastle and lots more...

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