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.

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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.

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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.

“The aim of the investment will be to help fund plans to build a new training facility and sports village at Elland Road.

“The investment will secure a new special class of shares ensuring that supporters who commit will have a voice in key heritage decisions. More information will be released in the New Year.”

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