Championship news

Leeds owners reject takeover bid

February 10, 2013

Leeds owners GFH Capital have confirmed they have turned down a bid by an undisclosed party to buy a controlling stake in the club.

A Middle Eastern bank is fronting a new attempt to buy Leeds
PA PhotosGFH only bought Leeds in December

It has been reported that a Yorkshire-based consortium made an offer for a 51% share of the Championship side with a view to securing a phased buy-out.

The identities of the consortium members have not been disclosed.

"We are aware of growing speculation regarding new investment at Leeds United,'' GFH Capital said in a statement on Leeds' official website.

"As can be expected with a club as fantastic as Leeds United, since our acquisition we have received several offers to invest in the club alongside us.

"The most recent offer was for a majority stake and has not been accepted.

"Although we continue to seek strategic investors, we will only bring on board those who we feel can make a positive contribution to the sustainable success of Leeds United.''

GFH Capital, a Dubai-based investment bank, completed their takeover of Leeds from Ken Bates in December.

Information from the Press Association was used in this report.