Leeds have reached agreement with a supporters' group over investment in the club.
Leeds Fans Utd was set up in 2015 and had previously entered into an agreement with Massimo Cellino over a majority stake only for the former owner to change his mind.
This agreement centres on funding for new facilities at Elland Road and will see fans receive shares in return.
A statement on leedsunited.com read: "Leeds United are pleased to announce that, following a period of constructive dialogue with the supporter investment group Leeds Fans Utd, the two parties have agreed Heads of Terms on introducing supporter investment into the club.
"The aim of the investment will be to help fund plans to build a new training facility and sports village at Elland Road.
"The investment will secure a new special class of shares ensuring that supporters who commit will have a voice in key heritage decisions. More information will be released in the new year."
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