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FINANCIAL NEWS
Gulf Leeds United to sell 75 percent stake
24 Feb 2014
(MENAFN) The Gulf-based owners of Leeds United have agreed to sell a 75 percent stake in the club, according to Arab News.
The stake will be purchased by Cagliari owner Massimo Cellino, who will take control from GFH Capital, subject to Football League approval.
GFH Capital said: “Following recent media reports and speculation, GFH Capital would like to confirm that it has agreed to sell a 75 percent stake in the club to Eleonora Sport Ltd, a company owned by the Cellino family who have many years experience in football and who plan to invest substantially in the club including the re acquisition of Elland Road.
GFH added: “Eleonora will be working on completing the required Football League approval.”
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