How the Leeds United fan shares and investment scheme works

Leeds United last month announced a deal with Leeds Fans Utd for supporter investment at Elland Road - but what do we know so far and what does it mean for the future?

Who are Leeds Fans Utd?

Leeds Fans Utd is a private limited company which set out to secure a stake in Leeds United Football Club in an attempt to give the fans a voice in the boardroom at Elland Road.

Funding for the project came from Leeds fans who acquired shares in the company.

Leeds Fans Utd were founded in 2015 with then owner Massimo Cellino claiming he would sell the club to the fan group.

"100% I will sell to the fans, if they want to buy it and look after the club. The fans are the only asset the club has," he told BBC Radio Leeds in October 2015.

"I'm sad and embarrassed. My dream was to do my best but I've achieved nothing and family aren't even with me.

"I'm trying to protect the club but at the same time it means I have exposed myself. The result is that the fans say 'Massimo it's time to go'."

The Italian though went back on his word and sold the club to now owner Andrea Radrizzani.

What is the deal the two supporters group have agreed with Leeds United?

On December 21 it was announced by Leeds United that the club had agreed 'Head of Terms' with Leeds Fans Utd after discussions.

The move would introduce 'supporter investment to the club.'