Leeds Chairman Saleh Nooruddin has apparently bought a 5.7% shareholding in Gulf Finance House, the controlling shareholder in Leeds United.

If like me, all this financial talk leaves you baffled and scratching your head, Mr Nooruddin is clearly a man of means as the stake in GFH apparently has set him back at cool $29m.

Leeds were purchased by GFH's subsidiary GFH Capital 11 months ago. Although there were suspicions that the Bahrain based bank were in it for a quick buck and subsequently stakes were sold in the club, including 10% to Mr Nooruddin's family business, it appears now that there is some stability in the boardroom. As well as being the Leeds United Chairman, Mr Nooruddin will have a seat on the GFH board.

Hopefully he can influence the powers that be, who reportedly are cashing in on their investments in India, to invest some more funds into the playing squad and realise our dream of returning to the Premiership.

When that day comes, both the fan in the streets and the suits in the boardroom will party on hard for admittedly drastically different reasons. Leeds will be back amongst the elite and those with financial investment in the club will see their stake holding spiral upwards in value.

Photo: Action Images

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