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Leeds United Close to Buying Back Elland Road

August 2, 2013 | Professionals  

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GFH Capital, owners of Leeds United since purchasing the club from Ken Bates in December 2012, are said to be on the verge of a multi-million pound deal to buy back Elland Road.

Ken Bates stood down as the club’s president last Friday.

The Championship club were forced to sell the ground on a 25-year lease back deal in November 2004, following their financial implosion and relegation from the Premier League.

Elland Road, located in Beeston, has been the home of Leeds United since its foundation in 1919, though its history dates back to 1897, when it was built as the home of Holbeck Rugby Club.

Leeds United first bought the stadium for £250 from Yorkshire Amateurs back in 1920. Though the sum GFH Capital are going to have to cough up is yet to be disclosed, it’s safe to say the figure will be somewhat higher.

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