LNTUP

Leeds United buy back Elland Road

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Leeds United have confirmed the re-acquisition of their home ground Elland Road, 13 years after they were forced to sell it.

A statement on the club’s official website read:

“Leeds United are delighted to announce that Greenfield Investment Pte Ltd, an Aser Group company and parent company of Leeds United Football Club Limited, has completed the purchase of Elland Road Stadium.”

The Yorkshire Evening Post further reported that the deal is worth around £20 million, and will save Leeds the £1.7 million per year that they previously paid in rent.

Elland Road, which is the fourth largest largest stadium outside the Premier League, has been the home of Leeds United ever since its foundation in 1919. In 2004, the then club Chairman Gerald Krasner was forced to sell the ground on a lease back deal, following their relegation from the Premier League.

“Today is an important day in our history and a proud day for me and my team.” Chairman and owner Andrea Radrizzani said. “When I met with both management and supporters during my first few months at the club, the purchase of Elland Road was very high on their list of priorities and I’m delighted to be able to announce that we have completed that process today.”

Previous owner Massimo Cellino promised in 2014 that he wanted to buy back the stadium but couldn’t do so. He ultimately sold his remaining 50% stake to his fellow countryman Radrizzani in May.

Leeds City Councillor Judith Blake also commented on the purchase of Elland Road, saying:

“This is an extremely positive step in the right direction for everyone associated with Leeds United and especially the club’s tremendous and loyal fans.”
“As we prepare for the new season to begin in August, I very much welcome the intent being shown by Andrea to move the club forward with real purpose and ambition.”

The ground is currently undergoing some minor updates and renovations and is expected to be finished before the start of the next season.

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