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GFH Capital in talks to takeover Leeds United
- Bahrain: Wednesday, September 26 - 2012 at 03:49
Dubai-based private equity GFH Capital, a subsidiary of the Bahraini investment bank Gulf Finance House, is in advanced talks to takeover English football club Leeds United, Gulf Daily News has reported. Club chairman Ken Bates confirmed that representatives from the group attended the United 2-1 win against Nottingham Forest at Elland Road on Saturday. "A football club isn't the kind of business banks get involved in. It is outside the normal scope so they have to have a learning curve to understand how a football club works," said Bates. Negotiations surrounding potential foreign investment in the club have reached an "advanced stage" and could be finalised by the end of this year, he said. "They are using London lawyers and there has been some logistical issues, but we have discussed things at length and agreed that we can make certain things public," added Bates.
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