Speculation around a potential investor buying into Leeds United has reached fever pitch after the club issued £5m worth of new shares today.
Recently chairman Massimo Cellino took control of GFH Capital's shareholding at the club, becoming the 100 per cent owner of the Championship giants.
It has also been claimed of late that founder of sports rights firm MP&Silva, Andrea Radrizzani, is close to investing in or taking over at Elland Road.
Radrizzani was pictured sitting next to Cellino at two Leeds games earlier this summer and admitted he was trying to understand more about the club.
Now, according to filings made by the club at Companies House, Leeds have issued £5m worth of new shares, though it is not yet known to whom they have been issued.
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The shares could represent another cash injection by Cellino, who may now be more willing to invest after taking 100 per cent control.
But they could also potentially be to facilitate a payment required by the Italian to complete due diligence, as Cellino was claimed to be looking for a fee in order to allow potential investors a glance at the books.
Furthermore, there is a suggestion that they could have something to do with the club meeting the EFL's Financial Fair Play rules.
There are now a total of £24m worth of shares that have been issued.
Leeds fans are sure to be waiting for news on the situation, which still remains unclear and the subject of speculation.
