GFH seeks to acquire Leeds United

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The Acting Chief Executive of Gulf Finance House said that the bank was considering retaining ownership stake in the football club "Leeds United" in the event of the completion of the acquisition of the club by a number of strategic partners of the bank.
Hisham Rais said in an interview with CNBC Arabiya that the market value of the club is currently in the range of 50 to 60 million pounds, and the club is not it any debts and there is a plan for spending the investment on the club promoted to the first division England, and seize share broadcast new rose to 60 million pounds annually.
The gfh capital subsidiary of Gulf Finance House has announced the signing of a memorandum of understanding with the club "Leeds United" to arrange the acquisition of the English club before the end of this year

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