Leeds United investment hopefuls had 'sympathetic noises' from 49ers Enterprises but await clarity

By Graham Smyth
Published 13th Jun 2023, 11:14 BST
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A Leeds United supporter society set up to try and purchase a stake in the club have heard 'sympathetic noises' from 49ers Enterprises but want clarity on the incoming owners' position.

Leeds Fans Utd [LFU] reached an agreement in principle with former owner Massimo Cellino in 2015 to buy a majority stake in the club but the Italian later decided against selling to the supporters group.

In 2016 at the LFU AGM, members voted to continue with the long-term goal of securing fan ownership and two years later, with the club fully in Andrea Radrizzani's hands, Leeds and the society jointly announced that they had agreed heads of terms to pave the way for supporter investment.

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A July 2019 statement from the club confirmed that the investment would 'kick-start' plans for a brand new training facility and sports village at Elland Road, but the unveiling of those plans would be put back to the club's centenary year - 2020. The delay led to investors in Leeds Fans United being afforded an opportunity to withdraw their money.