British Consortium to Acquire 75 per cent Stake in Leeds United

Leeds United owners Gulf Finance House (GFH) have confirmed today that a British consortium led by Leeds United’s managing director David Haigh will acquire a 75 per cent stake in the team.

GFH will retain a 10 per cent shareholding in Leeds United once a consortium of British investors has completed its takeover, the Islamic bank has told shareholders.

The terms of the agreement and value were not however disclosed but GFH said it expected the transaction to have a “positive impact on its financials”.

The investors signed the agreement on 30 November 2013 but have yet to receive approval from the relevant football authorities in England.