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SBD Global/February 21, 2013/Franchises

League Championship Club Leeds' Owner Asks Fans To Be Patient As It Looks For Investment

League Championship club Leeds United owner GFH Capital has asked fans to "be patient" as it looks to secure new investment in the club, according to the BBC. The Dubai-based private equity group said that it is "not interested in selling a controlling share" in the club and rejected a bid from an unnamed individual last week. The group took over at Elland Road in December. Its protracted takeover, which began when Leeds announced it was in investment talks in May, has seen previous Owner Ken Bates "remain in the position of chairman" until the end of this season before becoming honorary president thereafter. Some supporters have been concerned that Bates could "yet step back into a more active role with the club" but GFH said this will not be happening (BBC, 2/20).
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