Leeds United: 49ers Enterprises agree deal to purchase chairman Andrea Radrizzani’s remaining 56 per cent stake
49ers Enterprises have agreed a deal to purchase Leeds, the club have confirmed.
The American group – who own NFL franchise the San Francisco 49ers – already owned a 44 per cent stake in the club, but have now agreed to purchase the remaining 56 per cent from chairman Andrea Radrizzani’s Aser Ventures.
A brief statement released on Friday night read: “Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club.
“Both parties continue to work through the details, and further updates will be provided soon. All of our focus remains on a quick return to the Premier League. Thank you for your continued support. Marching on Together.”
More to follow…
This is a breaking news story that is being updated and more details will be published shortly. Please refresh this page for the latest updates.
Sky Sports brings you live updates as they happen. Get breaking sports news, analysis, exclusive interviews, replays and highlights.
Sky Sports is your trusted source for breaking sports news headlines and live updates. Watch live coverage of your favorite sports: Football, F1, Boxing, Cricket, Golf, Tennis, Rugby League, Rugby Union, NFL, Darts, Netball and get the latest transfers news, results, scores and more.
Visit skysports.com or the Sky Sports App for all the breaking sports news headlines. You can receive push notifications from the Sky Sports app for the latest news from your favorite sports and you can also follow @SkySportsNews on Twitter to get the latest updates.
Will relegation affect the takeover?
Football finance expert Kieran Maguire explains the cost of relegation to Leeds United and Leicester City and the challenges they face next season
Football finance expert Kieran Maguire:
“There will be an impact. That will have been factored into the price the 49ers were willing to pay.
“There are rumors Andrea Radrizzani, the Leeds owner, is looking to buy Sampdoria. I think we will see an announcement in terms of Leeds accelerate.
“Whatever’s going to happen to Leeds over the summer, it’s absolutely essential we have owners in place who can set a budget, stick to that budget and make key decisions in terms of management and player recruitment.”
