GFH CAPITAL NEARS DEAL WITH ENGLISH CONSORTIUM FOR SIGNIFICANT INVESTMENT IN CLUB....
GFH Capital, majority owners of Leeds United FC, have granted a period of exclusivity to the investors in readiness for the January transfer window.
The two parties have signed a share acquisition agreement for the purchase of shares in the club with GFH retaining a significant stake.
The consortium includes a number of high profile businessmen, and does not include any previous owners or players of the club. It is anticipated that the investment will be in place for the January transfer window and will see existing Chairman Salah Nooruddin and Managing Director David Haigh remain at the club for the long term.
Since formally completing its purchase of Leeds United in December 2012 GFH Capital has always stated it was its plan to ensure the long term and sustainable regeneration of the club through partnering with strategic and like-minded investors who share its vision.
The announcement is the culmination of many months of negotiations by a team led by David Haigh.