Leeds United chairman Andrea Radrizzani used the club's Elland Road stadium as collateral to buy Sampdoria in Italy.
The majority shareholder of Leeds is looking to sell the club to 49ers Enterprises in the coming weeks or months.
Per The Athletic, Radrizzani has used the club's stadium as a way to borrow up to 25.8 million from Italian bank Banca Sistema.
The loan could be in place for up to ten years, meaning the club are on the hook for a decade.
Radrizzani told The Athletic in an email: "What Aser ventures does with its assets which includes several companies including Leeds United, Greenfield and Elland Road it's none of your business.
You can do what you want but you are just trying to put Leeds United fans against myself. It is not nice."