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SBD Global/November 13, 2012/Franchises

GFH Capital 'Days Away' From $83M Takeover Of Leeds United

Dubai-based Gulf Finance House Capital is "believed to be just days away" from confirming a £52M ($83M) takeover of League Championship club Leeds United, according to Ashley Hammond of GULF NEWS. If the bid is successful, the company would secure current owner Ken Bates' 72.85% share of the club. It is also expected that the private-equity firm would gain ownership of the club's Elland Road stadium and Thorp Arch training ground. Any announcement, expected this week, would put the "wayward Championship strugglers back on path toward Premier League football, after eight years in the doldrums." Leeds Manager Neil Warnock revealed that he’s already been told, by prospective owners, to "ready a wishlist of new players for the January transfer window" (GULF NEWS, 11/11).
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