GFH Capital adds football to its portfolio with purchase of Leeds United (By IFN)

Thursday 22^nd November 2012

GLOBAL: GFH Capital has signed a deal to fully acquire Leeds United Football Club (LUFC) following a closely-watched courtship that lasted for six months.

In a statement on the 21^st November, the club said that the transaction will see GFH Capital, which has provided it financial support since entering into an exclusivity period earlier this year, injecting further working capital funds into the team. The Dubai-based private equity firm has also paid the first part of its undisclosed consideration for the acquisition.

Its takeover of the club will see David Haigh, the deputy CEO and chief operating officer of GFH Capital, joining LUFC’s board with immediate effect, while Hisham Alrayes and Salem Patel, both directors at GFH Capital, will join as directors at LUFC in December.

See: http://www.islamicfinancenews.com/