Control of Leeds United is passing to a new set of investors after its Dubai owners said they were selling most of their holding in the club. Private equity group GFH Capital said that it had sold 75 per cent of the club to a consortium.
The Sport Capital consortium is led by United managing director David Haigh, who is also GFH Capital’s deputy chief executive, and includes Andrew Flowers, the managing director of club shirt sponsor Enterprise Insurance and two other backers.
Control of Leeds United is passing to a new set of investors after its Dubai owners said they were selling most of their holding in the club. Private equity group GFH Capital said that it had sold 75 per cent of the club to a consortium.
The Sport Capital consortium is led by United managing director David Haigh, who is also GFH Capital’s deputy chief executive, and includes Andrew Flowers, the managing director of club shirt sponsor Enterprise Insurance and two other backers.
GFH Capital bought the club from Ken Bates in 2012 for about £45m. It is a subsidiary of Gulf Finance House, a Bahrain-based Islamic investment house. GFH will retain a 10 per cent stake once the change of control is approved by the Football Association.