Bahrain's GFH agrees part sale of Leeds United stake

January 15, 2014 - 8:58:42 am

MANAMA: Bahrain-based investment firm Gulf Finance House (GFH) has agreed a partial sale of its stake in English soccer club Leeds United, the firm said in a statement on Wednesday.

GFH said the sale was agreed with British investors, whose details the firm did not specify in a bourse statement. 

The investment firm did not provide details on the stake value or the size of the stake sold. 

GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital. 

But its financial statements showed that the firm disposed off more than half of its holding less than six months later. (Reuters)