Proact Stadium

Next Game

Chesterfld v Leeds

Saturday, 26 July 2014, 15:00

Friendly Match

Last Game

Mansfield 2 - 0 Leeds

Tuesday, 22 July 2014, 19:45

Friendly Match

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

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

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.

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Transfer news: Fulham sign midfielder Adil Chihi on free transfer

Fulham have signed Morocco international Adil Chihi on a one-year deal, with the option of a further 12 months.

Premier League: Darron Gibson makes Everton comeback after nine months out with cruciate injury

Darron Gibson made his comeback after nine months out with a serious knee injury in Everton's friendly against Tranmere.

Premier League: Brendan Rodgers insists Liverpool will move on without Luis Suarez

Liverpool manager Brendan Rodgers insists there is no bad blood between the club and the outgoing Luis Suarez.

Mail Box

Defending Woodward With Perspective

One Mailer is telling us to hold fire on our Woodward criticism, whilst we also have some wonderful PFA Team of The year geekery, a well done to Vieira and much more...

Why The Obsession Over The Captaincy?

Asks the morning mailbox, before hastily returning to the debate over who should replace Steven Gerrard. Plus, thoughts on Ed Woodward's spending plans and more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property