Sale of Leeds United will make GFH Capital a tidy profit

Bahraini GFH Capital is considering selling a majority stake of Championship club Leeds United which it has owned since December 21. GFH bought Leeds from Ken Bates for £17million plus payments based on reaching the Premier League within four years. A multi-national consortium led by former Hull City executive Adam Pearson has made proposals to buy either 51 per cent or all of GFH's shareholding, which values Leeds at around £25m. According to a GFH statement, they received an offer for a majority stake that has not been accepted, although they have been seeking strategic investors.

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