GFH confirms further Leeds investor talks

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Insider Media 2/4/13
GFH Capital is in talks with other parties interested in acquiring a stake in Leeds United, its parent Gulf Finance House has revealed in documents filed at the Bahrain stock exchange.
In a letter to the Bahrain Bourse yesterday (1 April), Gulf Finance House said GFH Capital's sale of a 10 per cent stake to the Bahrain-based International Investment Bank (IIB) last week was part of an investment plan to bring together a consortium of "like-minded investors", and other offers were being evaluated.
Gulf Finance House said: "GFH Capital has received several offers from [sic] number of investors, which are currently being studied and evaluated. Any new investor if decided to join LUFC, will be announced to the shareholders."
The Gulf Finance House letter goes on to state that any sale of Leeds United stakes falls within its usual investment activity and "can't be interpreted as sign of weak financial position".
Last week, GFH Capital IIB was the first strategic investor to come into the club in line with its plans to strengthen the club's overall shareholder base.
The private equity firm hopes to create an ownership structure which will provide Leeds United with "sound long-term finance" as the basis for its return to the top tier of English football.

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