Elland Road future up in air

Leeds' Elland Road stadium could soon be back under the club's ownership for the first time since 2004, it is understood.

Last Updated: 18/12/13 at 15:46 Post Comment

Elland Road: Could soon be back under Leeds' ownership

Elland Road: Could soon be back under Leeds' ownership

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The club's managing director David Haigh is heading a consortium hoping to conclude a deal to buy a controlling 75% stake in the club from current owners GFH Capital and a buy-back of Leeds' home ground for the last 94 years is high on their agenda.

Leeds negotiated a buy-back clause when they sold Elland Road for £8million to help ease massive debts in 2004 to Manchester businessman Jacob Adler.

But the cost to do so increases annually and currently stands at £15million.

Annual ground rent, which has also risen year-on-year, costs Leeds £1.4million.

GFH Capital took control of Leeds when they bought 100% of the club's shares from previous owner Ken Bates in December 2012.

But a new group of investors, led by Haigh and understood to include Enterprise Insurance managing director Andrew Flowers, are on the verge of completing a second takeover in a year and are keen to redevelop the stadium.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

I

thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

damoceltic
Bored Of Big Sam? It's Your Right...

H

ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

feed the bear
Rodgers: I'll go if owners want

Footer 365

Eden Hazard is open to another 10 years at Chelsea

Eden Hazard wants to stay at Chelsea for years and join football's elite by leading the club to Champions League glory.

Rafael Benitez '99 per cent' certain to be next Real Madrid boss

Rafael Benitez is '99 per cent' certain to be Real Madrid boss, says Carlo Ancelotti's representative Ernesto Bronzetti.

Manuel Pellegrini confident Man City will be stronger next season

Manuel Pellegrini is confident Manchester City will regain the Premier League title next season.

Mail Box

Who Is The Most Complete Striker Ever..?

...the answer is the original Ronaldo, Gerd Muller, Cristiano or Alan Shearer, depending on who you talk to. We also have one signing per Premier League (and promoted team)...

Reviewing Every PL Side's Season...

Time to half-heartedly agree or furiously reject some ratings. The mails also discuss the most complete striker ever in football, as well as Rodgers, Falcao and Bill O'Herilhy.

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company