GFH have lost Leeds United FC "up to £15 million" as confusion reigns over prospective club buyers

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Bdaily Business News 1/2/14
Clare Burnett
It has come to light that current Leeds United owners GFH have potentially lost Leeds United between £12 million and £15 million, despite only owning the club for 14 months.
This comes as prospective new owners Sports Capital have reportedly sacked manager Brian McDermott as well as acting chief executive Paul Hunt.
The Telegraph have said McDermott was sacked by GFH Capital, for complaining about interference from Cellino and his preference for Gianluca Festa as manager.
Sponsors Enterprise and Flamingo Land could also be set to withdraw their support following the news.
Leeds managing direcetor David Haigh has also quit after the dramatic events, which saw supporters protest at Elland Road.
According to talksport.com, It is thought Gianluca Festa, the man Cellino wants as the club’s new manager, and Neil Redfearn will take charge of Leeds against Huddersfield.

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