China

Long - I've asked source today and he's not heard anything. However he did think they had lost interest when MC wouldn't sell 100%.

Petter on Twitter says that deal with Italian lot is held up due to Ross bung allegations. Possible big fine on the way which will need sorting first.

Maybe some others are still in with a chance. Hope so because I'd like some local interest involved and Tappin was/is working with some good people who have Leeds' best interests at heart.

This is a long slow process. Due diligence will take longer. The idea that the Chinese are no longer interested? Bunkum.

But the big fish Steve is trying to get is someone most of us have at least heard about and they are meeting in the next week. And he has history in Leeds. Whether he can be tempted to go for it, rather than consider and turn down? Different question

But I won't have any more updates as this stuff is all commercial, and Steve is going back to China. So fingers crossed. Maybe we will all have a nice xmas pressy

So I guess Steve doesn't think the Italian/Chinese deal will go through?

Interesting as there a a few who seem to be ITK who believe it's almost there.

I suppose the quietness of MC is telling us something. You would think he would be shouting from the rooftops how he's got rid of GFH and is going to buy the ground back and get us in the top six.

The silence is very interesting!

He's only quiet cos he's probably signed a non disclosure agreement.....otherwise he would never keep his trap shut....

comment by harj.....Punjabi white..... (U4573)
posted 7 minutes ago
He's only quiet cos he's probably signed a non disclosure agreement.....otherwise he would never keep his trap shut....
----------------------------------------------------------------------
Exactly Harj!

The silence is the most telling part of TOMA

comment by Baggieman (U20282)
posted 1 day, 8 hours ago

Wha u Wan sounds good to me.

How much do you reckon LUFC is worth considering you don't own anything and have nothin' to sell other than a cup of Bovril ? £1m, maybe £2m ?


----------------------------------------------------------------------
How do you get time to post on here? I thought you would be tied up counting all them cups in your trophy room.

Former Leeds United owner GFH Financial Group has revealed that the sale of its remaining 18 per cent stake gave the Championship club an enterprise value of about £50m.

Last week, the Bahrain investment bank confirmed that its Dubai-based subsidiary GFH Capital had sold its interest in Leeds United.

The bank has now added further details at the request of the Dubai Financial Market.

GFH said that it had sold 3.5 million shares in Leeds United "and the club's total enterprise value has reached approximately £50m based on this sale".

GFH added that it was unable to disclose any more information due to confidentiality clauses.

At the start of September, Leeds United said that Eleonora Sport had snapped up all of the shares previously held by GFH Capital.

Prior to the deal, a GFH investment vehicle, UK Investments Company, still owned 15.79 per cent of Leeds United. The firm also had a 25 per cent stake in Leeds City Holdings, which owns 2.6 per cent of the club.

GFH Capital owned Leeds United from December 2012 until 2014 when Cellino acquired a controlling stake.

Bigger than Man City and Chelsea put together. Connections and background with Leeds too.

The moment it sounded too good to be true. Usually it is...

Believed when seen for me

Half of man city would be a dream right now. Given the city and its size / potential, it is literally a potential gold mine.

Could well be, but it'd be better for Leeds if they fought their way back and not buy it!..

I'd like for someone to come in, but someone that does things fairly!..