It's a Bahrain based investment bank.
This has to be good news. New owners have delivered on more promises in
three months than we've had in the past ten years?
>From the official site:-
*GFH Capital, owners of Leeds United FC, today unveiled the first move in
its long term strategy of bringing a consortium of investors into the
ownership of the club with announcement the sale of 10% of its holding to
the International Investment Bank ('IIB').
*
The CEO of the Bahrain-based IIB, Aabed Al-Zeera, will join the Board of
Leeds City Holdings Limited.
IIB is the first strategic investor to come into the club in line with
GFH's long-stated plans to strengthen the club's overall shareholder base.
Others are expected to join as GFH Capital creates the ownership structure
which will provide the club with sound long term finance as the basis for
its return to the top tier of English football.
Aabed Al-Zeera said: "'We are delighted to become investors in Leeds United
and would like to thank GFH Capital for facilitating this for us"
David Haigh, Deputy CEO of GFH Capital, said: "The introduction of IIB is
in keeping with what have always been GFH Capital's aims for the
successful, sustainable and long term ownership of Leeds United FC.
"We believe that a consortium of like-minded investors provides the best
ownership model for a club which belongs among the elite of English
football clubs and global sporting brands.
"It is our aim to provide the finance and the stability to enable the club
to complete that journey as soon as possible."
On 28 March 2013 09:10, Richard Naef <[email protected]>wrote:
> from BBC website;
>
> BBC Radio Leeds understands that the owners of Leeds United are to announce
> the sale of 10% of the club to a foreign investor. The Dubai-based bank GFH
> Capital are expected to reveal later today the identity of the first
> "strategic investor" they have sought since taking charge in December.
>
> Recent reports have indicated an apparent discrepancy between them and
> their
> parent company, the Bahrain-based GFH, who had stated they wanted to sell
> the club completely.
>
> GFH Capital completed the takeover of Leeds United on 21 December after
> paying around £22m for the club and its holding company of which current
> chairman Ken Bates was the majority shareholder.
>
>
> -----Original Message-----
> From: [email protected] [mailto:[email protected]]
> On
> Behalf Of Matt Anderson
> Sent: 28 March 2013 09:04
> To: Andy Clayton
> Cc: LEEDSLIST
> Subject: Re: [LU] R5 - Owners to announce sale of 10%
>
> A "strategic" foreign investor!!!
>
> Keep an eye on twitter various journos all over the story.
>
> Statement later as part of clarification to Bahrain stock exchange over
> sell
> no sell issue.
>
>
> Sent from my iPad
>
> On 28 Mar 2013, at 08:10, Andy Clayton <[email protected]> wrote:
>
> > To a foreign investor.
> >
> > No news of this anywhere else?
> >
> > Just mentioned on the radio 5 sports update.
> >
> > Cheers,
> >
> > Andy C
> >
> > Sent from my iPad
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