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.
http://www.insidermedia.com/insider/yorkshire/gfh-reveals-leeds-united-enterprise-value-after-deal
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Club value according to GFH
posted on 19/9/16
We're worth just under half of Pogba
comment by LufcGermany (U6066)
posted on 19/9/16
We're worth more, Pogba isn't worth the steam he leaves behind after making a stink!.
comment by Stelmerland (U8131)
posted on 20/9/16
Don't GFH get something like 17m from this?
That would be more like a 34% stake if value is 50m?
Am I missing something?
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