New Dubai owners eye ‘bright future’ for Leeds

Dubai-based GFH Capital Limited was formally unveiled as the new owner of Leeds United.

GFH capital executive David Haigh joined the Leeds United board of directors last month and he has now been joined by GFH Capital executives Salem Patel and Hisham Alrayes.

The fine points of the deal were completed and the new owners are calling on the backing of the fans to mark a new chapter in the club’s history.

“We are delighted, but also honoured and proud to be the new owners of Leeds United Football Club,” said David Haigh in comments published on the club’s official website.

“We have had over 4,000 e-mails of support from fans and we have been overwhelmed by the reaction.”

Patel said: “We’re looking forward to a bright future. This is a fresh start for the football club, and we welcome fans both old and new to Elland Road, It will take investment but we wouldn’t have bought a club like this if we were not willing to make that investment. We are not going to be spending crazy money but make the investment sustainable and make the club successful.”

Ken Bates will stay on as chairman until the end of the season.

GFH Capital, a subsidiary of Bahrain-based investment bank Gulf Finance House, in November confirmed its takeover of Leeds United following months of negotiations.

The football club, which last won the English championship in 1992, entered into a one-month transitional period after which GFH Capital became 100 percent owners.