January 16 – Leeds United, one of the biggest names in English football but struggling to rekindle past glories, have moved a step closer being taken over after Bahrain-based investment company Gulf Finance House (GFH) agreed to sell part of its stake in the iconic club.
Earlier this month, it was reported that a new consortium fronted by the club’s managing director David Haigh and Andrew Flowers, the managing director of the club’s main sponsor Enterprise Insurance, were poised to get shareholder control.
In a brief statement, GFH confirmed it had agreed the sale of part of its stake to British investors but gave no further details.
Leeds won the English league title in 1992 and remain one of the best-supported clubs in Britain but are currently 11th in the Championship and were hammered 6-0 by local rivals Sheffield Wednesday last weekend.
The new consortium, Sports Capital, will take a 75 % stake in the club with GFH retaining a position. No figure has been announced for the deal.
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