Anyone care to give a intelligent insight into what this means and what is the operative significance? On 12 Nov 2013 11:52, "Rick Duniec" <[email protected]> wrote:
> By Laurence Kilgannon, Yorkshire Correspondent > > A family consortium led by Leeds United chairman Salah Nooruddin has > acquired a significant stake in the Championship club's parent Gulf Finance > House (GFH). > > The bank, which is headquartered in Bahrain, said the main drive behind > Nooruddin's investment was the potential business value of GFH and the > bank's trading performance. > > GFH describes Nooruddin as "a prominent business player in the Bahrain > market. who participated recently with GFH in the newly undertaken > investment opportunities including the investment in the Leeds United > Football Club where he serves as the club's chairman". > > Noorudin's consortium has acquired a 5.71 per cent stake in GFH while the > Leeds chairman will join the bank's board. > > Nooruddin joined the board of Leeds United in late April before being > appointed vice chairman in May when the club confirmed he was the holder of > a 3.33 per cent stake in LUFC Holding Ltd. > > Then, in July, GFH Capital appointed Nooruddin as chairman with David > Haigh, deputy chief executive of GFH Capital, taking on the role of > managing director. > > By then Envest, an investment vehicle owned by Nooruddin and his wife, was > listed as owning more than 10 per cent in Grand Cayman-based LUFC Holding > Ltd. > > > > > _______________________________________________ > Leedslist mailing list > Info and options: > http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > MARCHING ON TOGETHER > > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER
