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

stake Stake may refer to: Entertainment * '' Stake: Fortune Fighters'', a 2003 video game * ''The Stake'', a 1915 silent short film * "The Stake", a 1977 song by The Steve Miller Band from '' Book of Dreams'' * ''Stakes'' (miniseries), a Cartoon Netw ...

Leeds United F.C. Leeds United Football Club is a professional football club based in Leeds, West Yorkshire in England. The club competes in the Premier League, the highest level of England's football league system, and plays its home matches at Elland Road ...

The funding for the project comes from ordinary Leeds

fans Fan commonly refers to: * Fan (machine), a machine for producing airflow, often used for cooling ** Hand fan, an implement held and waved by hand to move air for cooling * Fan (person), short for fanatic; an enthusiast or supporter, especially wit ...

, 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 dire ...

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 Step-stone bridge, 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, fo ...

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 is the owner of Italian club Brescia Calcio, and is the former owner of italian club Cagliari, and English cl ...

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.