Bahrain investment group GFH said on Thursday that it had sold its remaining shareholding in Leeds United FC, ending the group’s troubled four-year relationship with the English football club.
GFH said yesterday that its Dubai-based subsidiary GFH Capital had completed the sale of its remaining 18 per cent stake in Leeds to Eleanora Sport, the family trust of Massimo Cellino, which now owns 100 per cent of the club.
The transaction was announced on Leeds’ website on September 8. The value of the transaction was not disclosed.
GFH acquired Leeds in full in December 2012 for about £52 million, appointing its deputy chief executive David Haigh as the club’s managing director.
The investment firm subsequently sold a 75 per cent stake to Mr Cellino in April 2014, in a controversial deal that was initially blocked by the Football League because of controversies over Mr Cellino’s tax affairs in Italy.
Mr Haigh, who stepped down as the managing director the same month, was arrested on a visit to Dubai in May 2014, on charges of embezzling about US$5 million from GFH by way of a series of forged invoices.
Mr Haigh, who has always proclaimed his innocence, was sentenced to two years in jail in August 2015 for “breach of trust”, but was released in March this year and has subsequently returned to the United Kingdom.
GFH’s shares, listed on the Dubai stock exchange, were up about 1 per cent on Thursday morning.
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COMPANY%20PROFILE
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Al Jazira's foreign quartet for 2017/18
Romarinho, Brazil
Lassana Diarra, France
Sardor Rashidov, Uzbekistan
Mbark Boussoufa, Morocco
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
Stormy seas
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Results:
CSIL 2-star 145cm One Round with Jump-Off
1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia on October 10
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Name: Atheja Ali Busaibah
Date of birth: 15 November, 1951
Favourite books: Ihsan Abdel Quddous books, such as “The Sun will Never Set”
Hobbies: Reading and writing poetry
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The past winners
2009 - Sebastian Vettel (Red Bull)
2010 - Sebastian Vettel (Red Bull)
2011 - Lewis Hamilton (McLaren)
2012 - Kimi Raikkonen (Lotus)
2013 - Sebastian Vettel (Red Bull)
2014 - Lewis Hamilton (Mercedes)
2015 - Nico Rosberg (Mercedes)
2016 - Lewis Hamilton (Mercedes)
2017 - Valtteri Bottas (Mercedes)
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
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Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars