Championship - Elland Road to be bought back?

Leeds' Elland Road stadium could soon be back under the club's ownership for the first time since 2004, it has been reported.

The club's managing director David Haigh is heading a consortium hoping to conclude a deal to buy a controlling 75% stake in the club from current owners GFH Capital and a buy-back of Leeds' home ground for the last 94 years is high on their agenda.

Leeds negotiated a buy-back clause when they sold Elland Road for B£8million to help ease massive debts in 2004 to Manchester businessman Jacob Adler.

But the cost to do so increases annually and currently stands at B£15million. Annual ground rent, which has also risen year-on-year, costs Leeds B£1.4million.

GFH Capital took control of Leeds when they bought 100% of the club's shares from previous owner Ken Bates in December 2012.

But a new group of investors, led by Haigh and understood to include Enterprise Insurance managing director Andrew Flowers, are on the verge of completing a second takeover in a year and are keen to redevelop the stadium.