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Massive boost for Leeds as club buys back Elland Road 13 years after forced sale

Date Posted,June 27, 2017

Leeds United have bought back their Elland Road stadium, 13 years after being forced to sell it during their financial crisis.

The Sky Bet Championship club announced the agreement with Teak Commercial Limited, a firm based in the British Virgin Islands and owners of Elland Road since 2004, on Wednesday.

The 98-year-old stadium is now owned by Greenfield Investment, the parent company of Leeds United Football Club Limited.

Chairman Andrea Radrizzani told the Leeds United website : “Today is an important day in our history and a proud day for me and my team.

“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.”

Leeds just missed out on the play-offs last season but will be looking to improve (Photo: PA Wire)

Leader of Leeds City Council, Councillor Judith Blake, added: “It is fantastic news that the club have confirmed the buy-back of Elland Road Stadium.

“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.”

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