"I fully sympathise with the fans, a few years ago we were in the Champions League and next season we're in the First Division, but they have to understand that the financial realities mean that we have to get the financial model right for Leeds to have a long-term, viable future," Krasner said.
"If they look back to the statements made at the time we saved the club from liquidation we had two options, one was to remortgage the ground, one was to do a sale and lease back, but whatever happens football stays at Elland Road.
"We've been in talks with a number of parties and if there is a sale and lease back it will be with a minimum of a 25-year lease. Whoever buys Elland Road would get an annual rent. It's the difference between renting your house and paying a mortgage, sometimes paying rent is cheaper than paying a mortgage."
Krasner, who only took control four months ago, defended the actions of his board and maintained that they were making progress in their quest to erase the club's debts.
"There were 18 players earning over £1m when we came in, the wage bill was over £40m," he added. "The wage bill is down to an £18m maximum this season and we're nearly there. The debts were over £130m, we're nowhere near that position now."