Following recent media reports and speculation, GFH Capital would like to confirm that it has agreed to sell a 75 per cent stake in the club to Eleonora Sport Ltd, a company owned by the Cellino family who have many years experience in football and who plan to invest substantially in the club including the re acquisition of Elland Road. Eleonora will be working on completing the required Football League approval.

The Cellino Family is a well known Italian sports family, who have owned Serie A side Cagliari since 1992. They come to English football with an ambition to support Leeds United financially to take it to the Premier League and a belief that the club can sustain top-flight status.

Since the agreement, Leeds United is in discussion with Elenora Sport Ltd. on a number of issues concerning the Club matters including the structure of the management of the first team. Following recent press speculation we confirm that David Haigh remains the MD of Leeds United.