GFH Capital, the Bahrain-based investment company who announced it had signed an exclusive agreement to lead a takeover of Leeds, has revealed details of its plans for the Championship club.
The company, which is a subsidiary of Gulf Finance House, has been negotiating with current Leeds owner
After comments by Bates last Saturday that he was speaking to potential investors from the
Friday night it went one step further, with a lengthy statement outlining its plans which focus heavily on helping the club regain the English Premier League status it lost in 2004.
"This is expected to not only benefit the club and the surrounding community, but also the entire city of
"In so many instances this is what bridges the gap between borders and different cultures. We are excited by our intentions for Leeds United and remain fully focused on the specifics of this deal, hoping to conclude a positive outcome as soon as possible."
Employees of GFH have been photographed with Bates in his box over recent weeks and one of them, chief executive
He said: "As a club, Leeds United has it all - passionate loyal fans, a great heritage and masses of potential to return to the Premier League with the right, sustainable investment.
"From a business perspective, ownership of an English football club, notably Leeds United, is a great opportunity if the right strategies are in place to benefit from the significant revenues available from renewed broadcasting rights.
"From a personal perspective, I have followed Leeds United since childhood and having been back to Elland Road with my business colleague, Salem Patel and our CEO
"The existing infrastructure of the club and the result of the work of
Sections of the Leeds support may choose to disagree with Haigh, though, as they have been protesting against Bates, the outspoken 80-year-old former Chelsea chairman, for some time about a perceived lack of investment.
He took over the club in 2005 and has overseen a relegation to League One, a 15-point deduction and a return to the second tier in 2010.
Bates has also appointed four full-time managers, the last of which was
"We also hope to take back ownership of Elland Road eventually and continue to work closely with
There was no comment from Leeds United.