they don't seem very rich - pre tax profits for the last half year were $5.7m on an income of $32.6
http://www.gfh.com/en/default/gulf-finance-house-announces-half-year-results .html but I know nothing about hedge funds and investment houses so maybe that's good - any SBBOTL (Slimy Banking Bastards On The List) willing to comment - without charging us of course (no chance) ttfn Richard >-----Original Message----- >From: [email protected] [mailto:[email protected]] >On Behalf Of [email protected] >Sent: 27 September 2012 09:10 >To: [email protected] >Subject: [LU] GFH to front Leeds purchase > >GFH to front Leeds purchase > >9:00am Thursday 27th September 2012 in National Sport C Press >Association 2012 > >Leeds appear to be on the verge of being taken over Leeds appear to be >on the verge of being taken over > >The Middle-Eastern investment bank, Gulf Finance House, have confirmed >they have signed an exclusive agreement to lead a takeover of >Championship side Leeds. > >The financial future of the Elland Road club has been up in the air >since Leeds, on June 26, revealed they had granted exclusivity to a >potential investor. On Saturday, current owner Ken Bates broke his >summer-long silence by admitting he was in talks with a group from the >Middle East. > >On Thursday morning, in a letter released to the Bahrain Stock Exchange, >GFH confirmed that one of their subsidiary companies, GFH Capital, were >the group operating on behalf of the potential purchasers. > >The letter read: "Further to the news published in the Gulf Daily News >on the 25th and 26th Sep 2012, referring to the proposed acquisition of >Leeds United Football Club (LUFC), GFH would like to confirm that GFH >Capital Limited, a 100% subsidiary of Gulf Finance House, has signed an >exclusive agreement to lead and arrange the acquisition of Leeds City >Holdings, the parent company of LUFC. > >"Due to a confidentially provision, no further details can be given >about the commercial terms of the transaction." > >There was no comment from the club on Thursday morning, although GFH did >confirm to Press Association Sport that the correspondence had come from >them. > >David Haigh, a Leeds fan, who is the deputy chief executive officer and >chief operating officer of GFH Capital is thought to be the frontman of >the takeover, but was also unavailable for comment. > >Haigh did speak on his Twitter account, though, writing: "Good morning >everyone. Thank you for all your messages of support. They are very >important to us. #LUFC" > >_______________________________________________ >Leedslist mailing list >Info and options: >http://mailman.greennet.org.uk/mailman/listinfo/leedslist >To unsubscribe, email [email protected] > >PETE CASS (1962 - 2011) Rest In Peace Mate _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
