Championship club Leeds United are facing another potential takeover in the coming months after their Bahrain owners Gulf Finance House announced that they are giving formal notice in order to sell the club according to Sky Sports.
Ken Bates sold Leeds on the 21st of December 2012 to GFH, and now the Bahrain-based company are looking for a quick sale. GFH obtained control of the club, whilst Bates became club president with GFH representative David Haigh stepping straight into a position on the board.
Haigh, speaking to the club's official website in December, said: "From a Leeds family myself and a supporter of the club since childhood, I know football is at the very heart of the people of Leeds.
"Now we look to the future to start the exciting journey to take Leeds United back into a prime position in English football once again."
In February, Salem Patel, the chief investment officer at GFH said in the company's financial statement that they were already looking for "strategic investors who would buy a minority stake, preferably at 30%."
Now Gulf Finance House announced that they are looking for a buyer and looking to sell their entire stake that they originally purchased as a long-term investment.
It will come as frustrating news for everyone involved at Leeds United FC, as GFH promised long term investment over a number of years. GFH have not revealed who any potential buyers are, and what the terms of any arranged deal would be.
Leeds are currently in 10th position in the Championship having lost 2-1 at home to Huddersfield Town on Saturday. Leeds face an away game at Portman Road with Ipswich Town the opposition on the 30th March following the international break and are unlikely to make the play-offs.
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