Will GFH be the saviours of Leeds?

Will Dubai-based investment group GFH, who are scheduled to take control of Leeds United on Friday, be the saviours of the club?   Will they enable Leeds to return to the Premier League from which they have been absent for so long?   It appears to be a qualified maybe, at least from the perspective of the Leeds United Supporters’ Trust.

Will Dubai-based investment group GFH, who are scheduled to take control of Leeds United on Friday, be the saviours of the club?   Will they enable Leeds to return to the Premier League from which they have been absent for so long?   It appears to be a qualified maybe, at least from the perspective of the Leeds United Supporters’ Trust.

Chairman Gary Cooper noted, ‘GFH have spoken a good game so far.   They have come through a lot and appear to have answered all the questions put to them by the Football League.  But there has been no detail, no meat on the bones.’

Some of what Cooper and the Trust have heard has reassured them: ‘They say they will not saddle us with purchase debt, which is important.  But we have only managed to speak to a PR representative thus far, and they are paid to say the right things.’

Questions remain about what experience GFH has to run a football club the size of Leeds, where the money is coming from, and how much there is of it.    The parent company, Gulf Finance House, holds some £800m less in cash than it did four years ago.

Leeds fans are no doubt glad to see the back of Ken Bates, but it has to be hoped that the grass is greener on the other side and that the new owners can release the club’s full potential.