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GFH Capital seeking new investment in Leeds United
- United Arab Emirates: Thursday, March 21 - 2013 at 04:43
Dubai-based private equity GFH Capital, the owner of English football club Leeds United, has said it is seeking new investors, but denied it plans to sell the club completely, three months after buying the team, Reuters has reported. "GFH Capital is looking for investment in part of its share in the club, not its entirety," the subsidiary said. The firm bought Leeds in December after protracted negotiations lasting more than six months and despite concerns over their financial firepower. In its annual report GFH has booked a $10.4m profit on the deal, despite not having sold the club yet, attributing this to the "bargain price" it paid for Leeds.
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