Leeds United news: Fans to own stake in club after investment deal struck


Leeds United news: Fans to own stake in club after investment deal struck

A deal has been struck for a supporters group to invest in Leeds United.

The organisation Leeds Fans United is to receive a number of ‘special shares’ in the club in return for an injection of cash.

Leeds United: Fans are not happy with Cellino and the 'pie tax' at Elland Road
Fans at Leeds United will be able to invest in the club

In a statement released by the Championship club on Friday, Leeds said the money would be used to help fund plans for a new training facility and a sports village at Elland Road.

The fan group was set up in 2015 with the intention of getting supporters voices on the board.

Their aim was also to raise £10million to purchase a stake in the club.

Leeds United owner Andrea Radrizzani
Leeds United owner Andrea Radrizzani

Discussions had taken place with former owner Massimo Cellino in 2016 but he withdrew a few days later.

The agreement has now been reached with current majority shareholder Andrea Radrizzani.

A statement on the club website said: “Leeds United are pleased to announce that following a period of constructive dialogue with the supporter investment group Leeds Fans Utd, the two parties have agreed Heads of Terms on introducing supporter investment into the club.