Leeds United stance on renaming Elland Road amid expansion work and funding question — Leeds Live 17/6/25
Parking has also been another concern raised by Leeds United supporters and local residents
Leeds United do not hold plans to rename Elland Road, Leeds
Live understands, amid questions from some supporters about the funding of the
planned stadium expansion work.
Queries have been raised by a number of fans over how the
stadium development will be funded, with some being fearful that the club could
offer up the chance of buying naming rights in a bid to drum up cash for the
project.
However, club sources have made it clear that the 49ers do
not hold any such plans and that they recognise the iconic name the stadium
bears and the history attached to it. The idea is for the expansion to pay for
itself, with the money gained from it going towards paying it off.
Much like a house mortgage, money will be lent with this
cash to be repaid. This could lead to a probable increase in ticket prices by
completion but sources railed against the suggestion that there could be a
rapid ‘hike’.
Interest rates for repayments are affected by a club’s
league position and security. For example, the interest rates for an Arsenal or
a Chelsea would be lower than for a newly-promoted club due to their stature
and reduced odds of financial strain.
So survival in the Premier League for Leeds is important for
the stadium expansion, albeit not dependent - work would not stop as a result
of relegation. But clearly, staying in the top flight would help.
Meanwhile, £120m has been raised by shareholders upon
promotion with his figure to be split between squad investment and stadium
upgrades. Money spent on infrastructure does not count towards Financial Fair
Play spending.
A hybrid planning application for the expansions is set to
be submitted this summer with work on the main project in the West Stand
potentially starting as soon as February.
Parking has been one point of concern among residents amid
the consequential forecasted increase in footfall in the area. The club is
working on plans to help with parking, though outlined that there is no ‘silver
bullet’ solution.