Elland Road has a new owner after the chairman buys the club.
Leeds United chairman Ken Bates has sensationally bought the club to end the dispute over who actually owns the Yorkshire side.
There has been growing speculation in the media as to the ownership structure of Leeds United and its compliance with the relevant regulations of The Football League and The Football Association.
The speculation has been further fuelled by the coverage of the Football Governance enquiry and the political obsession with the ownership of Leeds United.
Both the Football League and the Football Association have confirmed that the current ownership structure of Leeds United complies with both their regulations.
But the real issue is if Leeds won promotion back to the Premier League, they would not pass the fit and proper persons test set out by chief executive Richard Scudamore.
The club would fail because it is unclear who the actual owners are and so the Premier League would be unable to carry out their test.
In order to pass Bates, the former owner of Chelsea, has now bought the club from FSF Limited for an undisclosed sum.
FSF Limited is now owned by Outro Limited which is wholly owned by Ken Bates, who is now the controlling shareholder of Leeds United and delivers the transparency required.
Leeds United released a statement on the club’s website outlining the new developments and hopes that the matter is now dead.
“The revised details have been submitted to The Football Association, The Football League and the Premier League in accordance with their regulations.
“Further to the submission of these details both the Football League and the Premier League have confirmed that the new ownership structure satisfies their regulations.
“The board do not anticipate any issues in securing approval of the Football Association in due course.
“The scaremongering arising out of the football Governance enquiry has not been helpful.
“Whilst the board were always confident there were no issues, recognise the concern the unknown outcome of any Premier League questions, may have on our members.