2010–2020: Return to the Championship
Leeds United spent much of their first season back in the Championship in the play-off places, but eventually finished in seventh place, just missing out on the play-offs.[77] In May 2011, it was announced that chairman Ken Bates had bought the club.[78] Before the match against Middlesbrough, about 300 Leeds fans protested about what they saw as a lack of investment in the playing side, to which Bates responded by calling the protesters "morons".[79] Despite securing promotion to the Championship, Grayson was dismissed on 1 February 2012 after failing to mount a consistent challenge for promotion to the Premier League.[80] Neil Warnock was appointed as the club's new manager,[8] with his initial contract lasting until the end of the following season.[81]
On 21 November 2012, Middle East-based private equity group GFH Capital finalised a deal for a protracted takeover of Leeds United, gaining a 100% shareholding in the club. It was also announced Ken Bates would remain as chairman until the end of the season, and then become club president.[82] The takeover was officially completed on 21 December 2012.[83] Despite runs to the quarter-finals of the League Cup and the fifth round of the FA Cup (albeit with both runs ending in five-goal thrashings, by Chelsea and Manchester City respectively), Leeds' league form was generally mediocre, with the club never making any real challenge for the play-off places. On 1 April 2013, Warnock resigned as manager.[84] Brian McDermott replaced Warnock,[85] and the club won three of their final five games of the season, enough to avoid relegation. On 26 July 2013, Ken Bates stepped down as chairman, and ultimately left the club altogether following a dispute over expenses.[86]
On 7 January 2014, Sport Capital came close to completing a transaction with GFH Capital that would have given them a 75% stake in the business.[87] On 30 January, Sport Capital's takeover collapsed due to a lack of "financial backing". Haigh released a statement conceding that it was unable to complete a deal despite two months ago agreeing to purchase a 75% stake in the club from the owners Gulf Finance House. Haigh said he and Sport Capital had "injected substantial sums into the club to ensure its viability" but earlier in the week fellow consortium member Andrew Flowers, the managing director of Leeds' shirt sponsor Enterprise Insurance, stated that GFH had "breached their covenant with us" after inviting a rival bid from Massimo Cellino, the president of Serie A side Cagliari Calcio.[88] Haigh's statement read:
"As fans know, we signed a share acquisition agreement with GFH Capital at the end of last year. This meant, I believed, that we were in a position to move things forward and complete the transaction in time for the January transfer window. ... Unfortunately, however, some of the consortium's backers ultimately didn't feel able to deliver the financial backing we had hoped was agreed to take the club forward.[89]"
On 31 January 2014, under controversial circumstances, it was reported that manager Brian McDermott had been removed from his position as the club's manager following a string of poor results, while the controversy surrounding the club was resolved.[90] Ross McCormack expressed his support for the former manager.[91] By 3 February, the BBC was reporting that McDermott had been called by a lawyer representing Massimo Cellino "and told he had been relieved of his duties". However, Cellino still did not own the club, as the Football League had not yet approved his purchase, so neither he nor his lawyer could dismiss the manager. McDermott, therefore, remained in his post.[92] On 7 February, Leeds announced that they had exchanged contracts for the sale of the club to Cellino's family consortium Eleonora Sport Ltd. The deal saw the Cellino family acquire a 75% ownership of the club, subject to Football League Approval.[93] On 23 March, the board of the Football League decided unanimously that Cellino's conviction by an Italian court meant that he did not meet its owners and directors test, so he could not take over.[94] In the backdrop of Cellino's takeover, Leeds suffered an appalling second half of the season, dropping from the play-off places to the fringes of the relegation battle.
On 5 April 2014, Cellino was successful in his appeal with independent QC Tim Kerr to take over the club.[96] The takeover was completed on 10 April, with Cellino's company, Eleonora Sport Limited, buying 75% of the club's shares.[97] Dave Hockaday was surprisingly appointed head coach, with Junior Lewis hired as his assistant,[98] the pair were dismissed two months later.[99] Darko Milanič was appointed head coach on 21 September 2014,[100] becoming the club's first manager from outside the British isles and the first Slovene manager in English football, but left the club the following month.[101] Neil Redfearn was confirmed as his replacement on 1 November 2014.[102]
On 30 October 2015, Cellino agreed a deal in principle with Leeds Fans Utd to sell a majority stake in the club.[108][109] When asked to legally commit to an exclusivity period to allow due diligence to commence, he reneged.[110] On 2 June 2016, Garry Monk was appointed as the club's new head coach, replacing Steve Evans.[111][112] On 4 January 2017, Italian businessman Andrea Radrizzani purchased a 50% stake in the club from Massimo Cellino.[113] Leeds United narrowly missed out on the play-offs, having been in the play-off positions for the majority of the season before a poor run of form in the final four games of the season saw them drop into seventh place,[114]
On 23 May 2017, Radrizzani announced a 100% buyout of Leeds United, buying the remaining 50% shares from previous co-owner Massimo Cellino, with Radrizzani taking full ownership of the club.[116] Garry Monk resigned as head coach two days after the takeover, after one season at the club in which he guided them to seventh place.[117] On 15 June 2017, former Spain international Thomas Christiansen was announced as the new head coach.[118] This was followed by Radrizzani introducing Leeds United Women back to Leeds United ownership.[119] Also, Radrizzani completed the purchase of Elland Road from Jacob Adler's company, Teak Commercial Limited for £20 million, using his own company Greenfield Investment Pte Ltd.[120] Thomas Christiansen was dismissed[121] and replaced with Barnsley
On 1 June 2018, Heckingbottom was dismissed after being at the club for four months[124] and was replaced with Marcelo Bielsa.[125] Bielsa's first season in charge saw Leeds make an impressive start and remain in the top two with Norwich City for the majority of the season, on course for automatic promotion to the Premier League. However, a poor end to the season saw the team lose out on automatic promotion to Sheffield United.[126] Leeds United entered the play-offs against Derby County; despite winning the first leg 1–0, they ultimately lost 4–3 on aggregate which consigned them to another season in the Championship.[127]