In December last year, Leeds United and supporter group Leeds Fans Utd announced that they had agreed heads of terms to allow supporters to invest in the club. 

This investment will kick-start plans to build a new training facility and sports village at Elland Road, and will secure a new class of shares ensuring that supporters who commit will have a voice in key heritage decisions.

The plans for the new training facility will be now announced during the club’s centenary year which is later than envisaged. 

Given this delay to the launch, LFU has decided to allow any of its shareholders who wish to leave the society this summer the opportunity to do so.

Leeds United chief executive Angus Kinnear said: “The timing on announcing our plans on a world class training facility and community sports hub around Elland Road will be later in our centenary year than anticipated.

“We are working hard with Leeds City Council to realise our vision and mark our hundredth year with an ambitious project that will leave a meaningful legacy well into our next hundred years.”

The Heads of Terms that LFU signed with Leeds United state that shareholders who are part of LFU when the scheme is launched will get at least 100% value for their original investment plus additional benefits of being an initial member. 

Those members who choose to remain now will still be able to ask for 90% value of their original investment back when the full conditions upon which the new class of shares can be acquired are announced, should they decide when in full possession of fact that they do not wish to remain a member of LFU and invest in Leeds United.

The process for those who want to cancel their LFU membership will be published here within the next seven days.