New Leeds owners already set to sell

• Guardian, Wednesday, March 20, 2013 2:01 PM

The Bahrain-based owners of Leeds United have started negotiations to sell the club they bought from the previous owner, Ken Bates, in December.

In its financial statements, Gulf Finance House (GFH) state that it bought Leeds for "a bargain purchase" and is now putting the club up for sale, which it aims to complete within six months to a year.

GFH also revealed it paid $33 million for Leeds and believes the club is worth $10 million more than that.

Leeds is in 10th place of the English second division.

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