English Premiership

Bahraini bank acquires Leeds

2012-12-21 14:28
Ken Bates (Getty Images)

Leeds - A Bahraini investment bank has completed its takeover of fallen English power Leeds.

GFH Capital is promising a "fresh start" for the second-tier club after taking control from Ken Bates in a buyout worth a reported 52 million pounds ($84 million).

Leeds reached the Champions League semifinals in 2001 but was relegated from the Premier League three years later after being engulfed in financial problems.

The northern team, which won the English topflight title in 1992, is currently 12th in the League Championship.

Incoming director Salem Patel says the "business model isn't predicated on us being in the Premier League."

Bates will remain as chairman until the end of the season.

Read more on:    leeds united  |  english premiership  |  soccer


Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

28 November 2015
Manchester City v Southampton, Etihad Stadium 17:00
Crystal Palace v Newcastle United, Selhurst Park 17:00
Sunderland v Stoke City, Stadium of Light 17:00
Aston Villa v Watford, Villa Park 17:00
Bournemouth v Everton, Vitality Stadium 17:00
Leicester City v Manchester United, King Power Stadium 19:30
29 November 2015
Tottenham Hotspur v Chelsea, White Hart Lane 14:00
West Ham United v West Bromwich Albion, Boleyn Ground 16:05
Liverpool v Swansea City, Anfield 18:15
Norwich City v Arsenal, Carrow Road 18:15
05 December 2015
Stoke City v Manchester City, Britannia Stadium 14:45
Arsenal v Sunderland, Emirates Stadium 17:00
Swansea City v Leicester City, Liberty Stadium 17:00
Manchester United v West Ham United, Old Trafford 17:00
Southampton v Aston Villa, St. Mary's Stadium 17:00
West Bromwich Albion v Tottenham Hotspur, The Hawthorns 17:00
Watford v Norwich City, Vicarage Road 17:00
Chelsea v Bournemouth, Stamford Bridge 19:30
Team P W PTS
Previous Results

Date Home Team Result Away Team

Who was the best summer signing in the EPL?

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


30 of the world's greatest golfers will be heading to the Gary Player Country Club for this year's Nedbank Golf Challenge - now in its 35th year. For all the latest news, player profiles, hole-by-hole descriptions and past winners, be sure to check out Sport24's dedicated section.

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.