Wednesday, March 20, 2013

GFH Capital denies plan to sell Leeds United


The Dubai-based owner of Leeds United said on Wednesday denied it was planning to sell its entire stake in the club but was seeking new investment.

"To clarify and as previously stated, GFH Capital is looking for investment in part of its share in the club, not its entirety," the owner said in a statement issued by the English championship club which it took over three months ago.

"GFH Capital has been transparent since acquiring Leeds United and is continuing to look for strategic investors in part of the club that can invest in Leeds United, alongside GFH Capital, to ensure a long term, sustainable future," it added.

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