Many Leeds United fans have become disillusioned with GFH Capital since they took over the club, not seeing the progress they hoped for. The new owners set out a defence of their actions in an in depth interview with leading football journalist David Conn.
Many Leeds United fans have become disillusioned with GFH Capital since they took over the club, not seeing the progress they hoped for. The new owners set out a defence of their actions in an in depth interview with leading football journalist David Conn.
They admit that the club currently has a cashflow shortfall, in part because Ken Bates spent £13m on building projects funded by selling forward. They would like to sell off 30 per cent of the club, which points to some of the pressures they are facing, although evidently they paid less for the club than speculation suggested at the time.
There are still foreign investors who are attracted by the prestige and potential returns from owning a football club that could get promoted to the Premier League. Whether there are many left have the funds at their disposal to achieve that goal is open to question.