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Gulf investors working on Leeds United takeover

Posted on 28 September 2012

A Bahraini investment bank is working on a deal to buy England’s Leeds United Football Club, in what could be the latest acquisition of a European soccer team by oil-rich Gulf investors.
Gulf Finance House, an Islamic investment bank from the tiny Gulf island state, said Thursday one of its Dubai-based subsidiaries will “lead and arrange the acquisition of Leeds City Holdings, the parent company of LUFC.” A person familiar with the matter said the transaction price would be about £50 million ($80.8 million), and that GFH Capital is acting on behalf of “investors from the Gulf,” without elaborating………………………………………..Full Article: Source

 
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