Leeds owners get the silent treatment as managing director Haigh stops contact with GFH while Cellino waits on takeover
Mail 10/3/14
By CHARLES SALE
The situation at Leeds United grows yet more toxic with managing director David Haigh severing contact with owners GFH Capital but staying at the helm at Elland Road.
Troubled Leeds are in limbo while the Football League decide whether prospective buyer Massimo Cellino, who faces a fraud trial in Italy next week, passes their owners and directors test.
So Haigh’s acrimonious split with the Dubai-based, Bahrain-owned GFH investment bank, who bought Leeds from Ken Bates in December 2012, will only add to the confusion around a club beaten 5-1 at home by Bolton on Saturday.
Haigh has told friends he has been left high and dry by the GFH hierarchy while he has tried single-handedly to keep Leeds afloat by finding new loans and investors. This includes putting £1.5million into the club himself.
The disintegration in relationships since GFH agreed a deal with Cagliari owner Cellino to take a 75 per cent stake has been quick.
It was only five weeks ago that Haigh said: ‘I am grateful for the full and continuing support of GFH Capital.’
By CHARLES SALE
The situation at Leeds United grows yet more toxic with managing director David Haigh severing contact with owners GFH Capital but staying at the helm at Elland Road.
Troubled Leeds are in limbo while the Football League decide whether prospective buyer Massimo Cellino, who faces a fraud trial in Italy next week, passes their owners and directors test.
So Haigh’s acrimonious split with the Dubai-based, Bahrain-owned GFH investment bank, who bought Leeds from Ken Bates in December 2012, will only add to the confusion around a club beaten 5-1 at home by Bolton on Saturday.
Haigh has told friends he has been left high and dry by the GFH hierarchy while he has tried single-handedly to keep Leeds afloat by finding new loans and investors. This includes putting £1.5million into the club himself.
The disintegration in relationships since GFH agreed a deal with Cagliari owner Cellino to take a 75 per cent stake has been quick.
It was only five weeks ago that Haigh said: ‘I am grateful for the full and continuing support of GFH Capital.’