Saturday, 30th November, 2013
GFH Capital, the majority owners of Leeds United, are closing in on bringing new investors on board just in time for the January transfer window.
The Dubai-based group has confirmed that they have granted a period of exclusivity to an English consortium over the acquisition of a number of shares in the Yorkshire giants.
GFH Capital announced: "GFH Capital, majority owners of Leeds United FC, have granted a period of exclusivity to the investors in readiness for the January transfer window.
"The two parties have signed a share acquisition agreement for the purchase of shares in the club with GFH retaining a significant stake.
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"The consortium includes a number of high profile businessmen, and does not include any previous owners or players of the club. It is anticipated that the investment will be in place for the January transfer window and will see existing chairman Salah Nooruddin and managing director David Haigh remain at the club for the long term."
The Leeds owners were also quick to thank managing director David Haigh for his work in attracting the new investors.
The news will be a welcome boost for manager Brian McDermott as he looks to strengthen his squad for a promotion push in the second half of the Championship season.
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