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SBD Global/December 3, 2013/Finance

League Championship Leeds United Set For Financial Boost From New Investment

League Championship Leeds United is "in line for a major financial boost, with an unnamed consortium set to take shares in the club," according to the BBC. Owner GFH Capital said it has granted the investors "a period of exclusivity" and "expects the deal to go through" before the January transfer window. Managing Dir David Haigh and Chair Salah Nooruddin will both remain. The deal could give Manager Brian McDermott "significant funds to invest in his squad," which is currently seventh in the Championship table (BBC, 11/30). SKY SPORTS noted after months of "painstaking work" by Haigh, subject to Football League approval, a deal "will be in place by the end of next month." Although the names of the consortium set to buy a majority stake "are not being revealed," they "do not include any previous owners or players." This "rules out the involvement" of former Dir Adam Pearson and ex-skipper Lucas Radebe, who have "both been linked in recent reports" (SKY SPORTS, 11/30).
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