Leeds Fans Utd is a private limited company which intends to secure a

stake A stake is a large wooden or metal implement designed to be driven into the ground and may refer to: Tools * Archer's stake, a defensive stake carried by medieval longbowmen * Survey stakes, markers used by surveyors * Sudis (stake) (Latin for ...

Leeds United F.C. Leeds United Football Club is a professional football club based in Leeds, West Yorkshire, England. The team compete in the Premier League, the top tier of the English football league system. Leeds United have won the League Championship ...

The funding for the project comes from ordinary Leeds fans, who collectively acquire shares in the company through the Leeds Fans Utd Community Benefit Society. If the company is successful in acquiring a stake in the club, the society will be able to have a voice at director level of the Club. If the company cannot acquire a stake, the society will return fans at least 90% of their investment. The company's

Executive Executive ( exe., exec., execu.) may refer to: Role or title * Executive, a senior management role in an organization ** Chief executive officer (CEO), one of the highest-ranking corporate officers (executives) or administrators ** Executive dir ...

team is now led by Sharon Reid, as CEO, and Brendan Meehan, as Chairman At the end of October 2015, it had reached an

agreement in principle In law, an agreement in principle is a stepping stone to a contract. Such agreements with regard to the principle are usually considered fair and equitable. Even if not all details are known, an ''agreement in principle'' may, for example, outline ...

with Leeds United owner

Massimo Cellino Massimo Cellino (; born 28 July 1956) is an Italian entrepreneur and football club owner. Through his family trust Eleonora Sport Ltd, he was the owner of Italian club Brescia Calcio, and is the former owner of Italian club Cagliari, and English ...

to buy a majority stake in the club. When Mr Cellino was asked to commit to an exclusivity period for the deal, he changed his mind. With over 2,000 members who have committed funding, it was stated at the Leeds Fans CBS Annual General Meeting on 3 December 2016 that the group remains in touch with many parties who have the desire and ability to invest in Leeds United along with LFU immediately or within the medium term; the directors noted that achieving Fan Ownership in Leeds United was always known as being potentially a long term effort (despite early success with Mr Cellino as above) and a resounding 87% of its investors voted, during the summer, to continue with these efforts. New directors joined the board at the AGM.

References

{{Reflist Leeds United F.C.