The Middle-Eastern investment bank, Gulf Finance House, have confirmed they have signed an exclusive agreement to lead a takeover of Championship side Leeds.
The financial future of the Elland Road club has been up in the air since Leeds, on June 26, revealed they had granted exclusivity to a potential investor. On Saturday, current owner Ken Bates broke his summer-long silence by admitting he was in talks with a group from the Middle East.
On Thursday morning, in a letter released to the Bahrain Stock Exchange, GFH confirmed that one of their subsidiary companies, GFH Capital, were the group operating on behalf of the potential purchasers.
Copyright (c) PA Sport 2012, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: https://www.givemesport.com/writeforgms