Category Archives: Leeds United

Is £52 million a Fair Price for a Lower Division Football Team? The Sale of Leeds United

After long and tortuous negotiations, the sale of “Leeds United” finally was completed yesterday. As the new owners, GFH Capital, announced:-

GFH Capital has today been unveiled as the new owners of Leeds United Football Club following completion of the acquisition on Thursday night.

The announcement was made at a press conference at Elland Road on Friday where GFH Capital Board Director, Salem Patel and the company’s Deputy CEO, David Haigh revealed their plans for the club.

The Dubai-based bank finalised the deal following an initial 33% investment on 21st November. Patel and GFH Capital Managing Director Hisham Alrayes will join the club’s Board of Directors in the coming weeks alongside Haigh who took up the position earlier this month.

Acknowledging the backing of Leeds United fans during the takeover, David Haigh said: “We are delighted but also honoured and proud to be the new owners of Leeds United Football Club. Over the past few months we have received more than 4,000 emails of support and have been overwhelmed by the positive reaction of fans during the process.

“We see this as a huge opportunity to revive the fortunes of Leeds United both on and off the pitch. The atmosphere on Wednesday night against Chelsea was sensational and we look forward to bringing more of the same to Elland Road in the future.” Continue reading

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