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SBD Global/March 29, 2013/Finance
Leeds United Owners Sell 10% Stake In Club To Bahraini Investment Fund
Published March 29, 2013
TEAMING UP: The London TELEGRAPH reported IIB CEO Aabed Al-Zeera "will join the Board of Leeds City Holdings Limited." Int'l Investment Bank B.S.C. "was launched as an Islamic Investment Bank" in Oct. '03. On its website, IIB stated the ''core business activities of the Bank include investing on its own account and investment, underwriting and placement in real estate and private equity in conformity with Islamic Shari'ah'' (TELEGRAPH, 3/28). REUTERS reported Leeds, who "suffered financial problems and dropped down the leagues" after reaching the '01 Champions League semifinals, are 10th in the Championship and "retain only slim hopes of making the playoffs for a place in the lucrative Premier League" (REUTERS, 3/28).