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SBD Global/April 2, 2013/Franchises

Second Division Leeds United Owner GFH Capital Studying Investor Offers

Dubai-based GFH Capital, the unit of a Bahraini investment firm that bought League Championship side Leeds United in December, "is studying several offers from investors for stakes in the English football club," according to David French of REUTERS. Last week, Bahrain-based Int'l Investment Bank bought a 10% stake in the club as part of GFH Capital's "strategy of bringing in additional investors to develop the Championship club." GFH Capital's parent company Gulf Finance House said in a filing to the Dubai stock exchange, "GFH Capital has received several offers from a number of investors, which are currently being studied and evaluated." The statement added that "the sale of any stakes in Leeds United were part of the company's investment strategy and not a sign of a weak financial position" (REUTERS, 4/1).

WARNOCK STEPS DOWN: In London, Thom Drake reported Leeds Manager Neil Warnock quit after "admitting that it would appease the fans if he was not in charge for the remaining games in the season." Leeds' 2-1 loss at home to Derby meant it was three defeats in a row, and Leeds is now "looking behind them to make sure they avoid relegation rather than chasing down a play-off place" (DAILY MAIL, 4/1).
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