Gulf Finance House (GFH), the Bahrain-based investment firm that owns Leeds United, has announced it will sell a 75 per cent stake in the second-tier English soccer side to a consortium of British investors.
GFH, which bought the Championship club for UK£22 million through its GFH Capital arm in November 2012, sold a ten per cent stake to fellow Bahraini finance company International Investment Bank (IIB) in March 2013.
GFH will retain a ten per cent stake in the club after the latest deal.
The firm submitted a filing to the Dubai bourse on 20th January, declaring an agreement with a British consortium had been struck as long ago as 30th November but that approval from the FA on the takeover was pending.
Neither the financial terms nor the exact make-up of the consortium have been revealed.