Now Bahrain bank owns a stake in Leeds
A Bahrain-based banking organisation has acquired a 10% share of the ownership of Leeds United.
Dubai-based private equity firm GFH Capital have already sold part of their stake in the club, having completed their takeover of the club from Ken Bates in December.
They confirmed last week that they were looking to sell part of their share in the club but ruled out selling it in its entirety.
Bahrain-based International Investment Bank now owns 10% of the Championship club and their chief executive, Aabed Al-Zeera, will join the board of Leeds City Holdings Limited.
"The introduction of IIB is in keeping with what have always been our aims for the successful, sustainable and long-term ownership of Leeds," said David Haigh, deputy chief executive of GFH Capital.
"We believe that a consortium of like-minded investors provides the best ownership model for a club which belongs among the elite of English football clubs and global sporting brands.
"It is our aim to provide the finance and the stability to enable the club to complete that journey as soon as possible."