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Bahrain-based firm on brink of Leeds deal

By Western Morning News  |  Posted: September 28, 2012

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Ken Bates' seven-year spell as the owner of Leeds United may be coming to an end after investment bank Gulf Finance House confirmed it had signed an "exclusive agreement" to lead a purchase of the npower Championship club.

The Bahrain-based company confirmed in a letter to the country's stock exchange that GFH Capital, one of its subsidiaries, was to "lead and arrange" the purchase of Leeds City Holdings, which owns the football club. Leeds announced on June 26 that a sale deal had been set up.

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