Following approval of the transaction by the Football League, GFH Capital will be the 100% shareholders and will inject further funds for working capital and to support manager Neil Warnock's intentions to strengthen the team.
Commenting on the deal, Andrew Umbers, Director of ECL, commented, "We are delighted to have been involved in this transaction. Creating the right legacy to build on the prudent stewardship of Ken Bates was always one of our chief objectives and we believe that GFH provides this."
"Sports franchises and their fan bases share the same passion but rewarding both the owner and the fan is a challenge in all sports. At Eurofin, and within our sports franchise, we believe our blend of financial and sports know how creates this marriage," he added.
Eurofin Capital acts as financial advisor to Leeds United Football Club on takeover by GFH Capital
- United Arab Emirates: Thursday, November 22 - 2012 at 10:28
- PRESS RELEASE
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Eurofin Capital 'ECL', a private investment office based in London and Lausanne, announces it is the financial advisor to Leeds United Football Club on its sale to GFH Capital Limited 'GFH Capital', the Dubai-based investment bank.
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Posted by Ishraq Al TalThursday, November 22 - 2012 at 10:28 UAE local time (GMT+4)
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