Leeds United owner Andrea Radrizzani has revealed to The Yorkshire Evening Post that he plans to buy back Elland Road.
Radrizzani has also revealed that he plans to construct a new training ground. Leeds currently train at Thorp Arch.
If Leeds want to buy back Elland Road, then it will cost them more than £17m, according to the report.
As for Thorp Arch, The Yorkshire Evening Post has reported that it is owned by Manchester business Jacob Adler, and that Leeds do not have any rights to repurchase it.
“In the bigger picture we are working on buying back the stadium, which could happen in a few months, maybe by the end of the summer,” Radrizzani told The Yorkshire Evening Post.
“We don’t know at the moment if it will be the club (which buys the stadium), me financing the club to do it or buying the property with another vehicle but the club for sure will be lighter and there will be a lot of cost-cutting by bringing the asset within my group, rather than a third-party owner.
“We might save £1.5m to £2m every year so it’s important. Together with Thorp Arch, it (the combined rent) is more than £2m. The club have to pay higher rent every year.
“With Thorp Arch, we have to continue. We can’t get out of that so at least for two or three years we will still be there but we are working on other solutions for the training centre.”
Radrizzani’s plans are grand, and Leeds fans should be encouraged by them. After all, buying back Elland Road is going to be important for the Championship club in the long run.
The Whites narrowly failed to finish in the top six of the Championship this past season, but the Elland Road faithful will be looking for the team to push for the playoffs again in 2017-18.