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Gulf Finance House confirms reports of involvement in Leeds United deal.

Gulf Finance House issued a statement to regional exchanges confirming that its subsidiary GFH Capital has signed an exclusive agreement to lead and arrange the acquisition of Leeds City Holding, the parent company of Leeds United Football Club.

No further details about the commercial terms of the transaction are being made available, Gulf Finance House (GFH) cited 'a confidentiality provision'. According to a study by Deloitte, Leeds United (LUFC) is one of the best supported clubs in English football, with a higher average match day attendance than most Premier League teams.

Following renegotiation of broadcasting rights, from next season each team in the Premier League will receive a minimum of GBP 60 million ($97 million) - a sum LUFC will also benefit from should the team achieve promotion to the Premier League.

2012 CPI Financial. All rights reserved.

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Publication:CPI Financial
Date:Sep 27, 2012
Words:145
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