Leeds United value revealed after Massimo Cellino acquired all shares

Earlier this month, Massimo Cellino successfully acquiredGFH Capital’s 18% stake in Leeds United.

The Bahrain investment bank has now revealed to the Dubai Financial Markets that Leeds United’s total enterprise value is around £50m after its Dubai-based subsidiary GFH Capital sold its 3.5m shares.

GFH, however, also said it was unable to disclose any more information due to confidentiality agreements.

GFH Capital bought the Championship club from Ken Bates in the winter of 2012 before selling a majority stake to current owner Massimo Cellino in January 2014.

In a statement, Leeds United said: “The Club is delighted to confirm that Leeds United Football Club is now 100% owned by Eleonora Sport Limited, it having purchased all of the shares previously held by GFH Capital.”

Cellino’s Eleonora Sport is believed to have acquired all of the shares of Leeds United to make the club more appealing to a new buyer.