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    Championship - GFH Capital 'seeking new investment in Leeds, not full sale'

    The Dubai-based owner of Leeds United has said it is seeking new investment in the club it bought three months ago and denied that it plans to sell up completely.

    "To clarify and as previously stated, GFH Capital is looking for investment in part of its share in the club, not its entirety," the owner said in a statement issued by the Championship outfit.

    The statement contrasts with comments from Gulf Finance House, the parent company of GFH Capital, which said in its annual financial report that it was looking to sell its stake and that negotiations on a deal had begun.

    GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year after negotiations that lasted for several months.

    The Dubai company's board member Salem Patel told a news conference at the time that it would not spend "crazy money" to restore the Championship club to the Premier League.

    Leeds, who last won the title in 1992, are currently in 10th place in the Championship, outside the play-offs.

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