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

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.

Related News

Most Commented

Readers' Comments

Y

ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

I

f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

foot in mouth
Adebayor & Berbatov: You Have To Admire The Balls

L

ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

paul7702
Van Gaal downbeat on De Gea

Footer 365

Digne agent denies Liverpool talks

Lucas Digne's agent has denied reports he has held talks with Liverpool regarding a move to Anfield for the Paris Saint-Germain left-back.

Mourinho scuppered Reds' Costa move

A new biography has revealed how Jose Mourinho scuppered Liverpool's bid to sign Diego Costa - a year before he arrived in west London.

Ramos 'extends' Real Madrid contract

Manchester United's pursuit of Sergio Ramos is over after the centre-back agreed a new contract extension at Real Madrid.

Mail Box

De Gea Disrespectful? Remember RVP...

We got dozens of mails from people pointing and laughing at Brian D for suggesting David de Gea has acted disrespectfully; we printed some. And there's more...

Getting Tired Of De Gea's Disrespect

One Manchester United fan is growing weary of David de Gea's disrespect. Plus thoughts on Southampton's summer, Balotelli loan, and Depay in the centre. Why?

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