F1 giants Red Bull are poised to take over Leeds United
Mirror 1/12/13
The club's Arab owners GFH Capital would like to retain control but the Red Bull want to buy the Elland Road outright F1 giants Red Bull are poised to take over Championship side Leeds United, writes Alan Nixon in the Sunday People.
Arab owners GFH Capital have been trying to sell a chunk of the club and are close to a deal with a local group willing to put in around £7million.
But People Sport can reveal that mega-rich Red Bull are interested in buying United outright.
GFH would ideally prefer to stay in control, hoping that promotion to the Premier League will eventually give them a return on their outlay.
But Red Bull, who have dominated Formula One thanks to the exploits of world champion Sebastian Vettel, want full control – and have been told that £40m is the asking price.
The identity of the local group looking for just a slice of the club has not yet been disclosed, but a deal is near completion according to inside sources – unless of course Red Bull scupper it.
A Leeds spokesman said: "The two parties have signed an agreement for the purchase of shares, 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."
The club's Arab owners GFH Capital would like to retain control but the Red Bull want to buy the Elland Road outright F1 giants Red Bull are poised to take over Championship side Leeds United, writes Alan Nixon in the Sunday People.
Arab owners GFH Capital have been trying to sell a chunk of the club and are close to a deal with a local group willing to put in around £7million.
But People Sport can reveal that mega-rich Red Bull are interested in buying United outright.
GFH would ideally prefer to stay in control, hoping that promotion to the Premier League will eventually give them a return on their outlay.
But Red Bull, who have dominated Formula One thanks to the exploits of world champion Sebastian Vettel, want full control – and have been told that £40m is the asking price.
The identity of the local group looking for just a slice of the club has not yet been disclosed, but a deal is near completion according to inside sources – unless of course Red Bull scupper it.
A Leeds spokesman said: "The two parties have signed an agreement for the purchase of shares, 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."
