Dylan Thwaites, the chief executive of Leeds Fans United, has tonight told Calendar his supporters' group has agreed in principle to buy current owner Massimo Cellino's majority stake in Leeds United.
We've been speaking to Massimo Cellino for some time now about buying a share in the club. Massimo no longer feels he has the support of the fans and subsequently has agreed to sell his shares to us.
Leeds Fans United was set up with the aim of achieving supporters representation on the club's board. Fans were asked to donate between £100 and £10,000 to achieve their goal of raising £10m.
Although it is unclear yet how much Cellino is willing to sell for it has been reported that he isn't looking to make a profit.
Last night fans vented their fury at the Italian during Leeds' 2-0 defeat to Blackburn at Elland Road, their fourth straight home loss.
Earlier today Cellino was quoted as saying:
It's like being at a party where you're not welcome. It's killing me. Every night I lie awake, asking myself, 'Am I good enough?'
So is this a new dawn for Leeds United's long suffering supporters? They will hope it is not another false one.