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Leeds announce EFL approval of the club’s takeover by 49ers Enterprises
Leeds announce EFL approval of the club’s takeover by 49ers Enterprises
Leeds have announced the EFL has approved the club’s takeover by American investment group 49ers Enterprises. Chairman and majority shareholder Andrea Radrizzani agreed to sell his controlling stake last month and the deal, which valued the club at around £170million, has now been confirmed. 49ers Enterprises, which owns NFL franchise the San Francisco 49ers, has steadily increased its stake in Leeds since becoming a minority shareholder in 2018, while the deal includes full ownership of Elland Road. Paraag Marathe, previously vice-chairman, will take over as chairman, chief executive Angus Kinnear will remain in his current position and Rudy Cline-Thomas, founder and managing partner of venture capital firm MASTRY, will join the board as co-owner and vice-chairman. Former Norwich boss Daniel Farke was appointed manager on a four-year deal earlier this month ahead of the coming season’s bid to secure an immediate return to the Premier League following relegation in May. Marathe said in a Leeds statement: “This is an important moment for Leeds United and we are already hard at work. “This transition is a necessary reset to chart a new course for the club. We have already appointed a highly-respected first-team manager with a track record of success, and we are confident Leeds will field a competitive squad to contend for promotion next season. “It’s a privilege to carry this torch as I know we have a responsibility to ensure this club makes our staff, players, supporters and the Leeds and Yorkshire communities proud.” This is an important moment for Leeds United and we are already hard at work. New Leeds chairman Paraag Marathe Cline-Thomas said: “With my family hailing from Leeds, it’s an honour to be able to uplift this incredible community. “This is more than just an opportunity, it’s a personal mission. The chance to reinvigorate the cherished Leeds culture, to create a platform that attracts the world’s finest players, and build a truly global brand that celebrates diversity, is a prospect that thrills me.” 49ers Enterprises increased its stake in Leeds to 44 per cent in 2021 with the option of buying Radrizzani’s remaining 56 per cent before January 2024. The Americans had been keen to push through a full takeover this summer, but that agreement, which had valued Leeds at around £400million, was contingent on the club remaining in the Premier League. Leeds’ relegation forced both parties back into intense negotiations and a valuation of close to £170m was agreed. The deal marks the end of a six-year ownership of Leeds for Radrizzani, who said: “It has been an honour to guide Leeds United…and to spend so much time with the best fan base in the world. “49ers Enterprises have been fantastic partners for years and I’m confident they will take Leeds to the next level.” Radrizzani completed a full takeover from fellow Italian Massimo Cellino in 2017 and was initially hugely popular. He bought back Elland Road stadium, which had been in private ownership since 2004, and brought in fresh investment when 49ers Enterprises purchased its first 10 per cent stake in 2018. The appointment of Marcelo Bielsa soon after proved a masterstroke as Leeds won promotion back to the Premier League for the first time in 16 years. But Radrizzani’s relationship with the Leeds fan base began to sour when Bielsa was sacked in February 2022. Leeds escaped relegation on the final day of the 2021-22 season and Radrizzani promised that the club would not be involved in another survival fight. But results this past season failed to improve under three different managers. Jesse Marsch and Javi Gracia were both sacked, while Sam Allardyce left after his four-game rescue mission ended in failure. 49ers Enterprises have been fantastic partners for years and I'm confident they will take Leeds to the next level. Andrea Radrizzani When relegation was confirmed with a final-day defeat to Tottenham, Radrizzani was absent from Elland Road, opting instead to remain in Italy to finalise his takeover of Sampdoria. He later admitted Leeds’ board had made mistakes and apologised for the club’s relegation in a personal statement posted on social media. But after it emerged he had offered to use Elland Road as collateral when securing a £26m bank loan to buy Sampdoria – one of his companies and not Leeds owned the stadium – his legacy was further tainted. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Hannah Dingley’s interim spell to end as David Horseman named Forest Green boss Mikel Arteta believes ‘lighthouse’ Declan Rice can take Arsenal to next level Marcus Rashford set to sign new five-year deal at Manchester United
2023-07-18 06:17
Internet collapses in war-torn Yemen after recent attacks by Houthi rebels targeting Israel, US
Internet collapses in war-torn Yemen after recent attacks by Houthi rebels targeting Israel, US
Internet access across the war-torn nation of Yemen have collapsed without explanation
2023-11-10 11:53
Fabio Carvalho set to make RB Leipzig loan move after quiet season at Liverpool
Fabio Carvalho set to make RB Leipzig loan move after quiet season at Liverpool
Liverpool forward Fabio Carvalho is set to complete a loan move to RB Leipzig but the prospect of midfielder Dominik Szoboszlai swiftly moving in the opposite direction is currently unlikely. The Bundesliga club have been pursuing Carvalho for some time and it is understood they initially wanted an option to buy permanently. However, Jurgen Klopp was not prepared to countenance that but he does want the 20-year-old to gain more first-team experience after he made just 21 appearances, most of them as substitute, in his first season after joining from Fulham. Completely separate to the Carvalho deal, the PA news agency understands Liverpool have had a meeting with Hungary international Szoboszlai’s representatives but as yet he remains one of many options Klopp is hoping to bring in to reinforce his midfield. It is understood the 22-year-old has a buyout clause in the region of 70million euros (£60.5million) which expires on Friday but Liverpool have not made any move in relation to that, although that does not rule out them subsequently trying to negotiate a lower fee with Leipzig. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-28 23:01
Woman charges friends and family £150 each for Christmas dinner
Woman charges friends and family £150 each for Christmas dinner
A woman has opened up about her decision to charge friends and family a staggering £150 a head for Christmas dinner. Carla Bellucci recently moved from her Hertfordshire home after receiving hate for her past financial moves, including splashing out £10,000 on her daughter's 18th birthday bash and admitting to getting a free nose job on the NHS during an appearance on This Morning in 2019. Speaking about her decision and being called a Scrooge by trolls, Carla simply responded: "Get stuffed, with all the trimmings." She explained how she's expecting nine people at her Christmas dinner this year, and that it's not cheap to put on a full spread. "It’s not cheap feeding people and it also takes a lot of time to put together a nice meal," she said. I’ll give them a glass of Champagne, but if they want any more booze, they can bring their own. Carla continued: "Everything I do is for profit and my family understands that. If you want quality, you have to pay for it." The former OnlyFans model, who made £40,000 and quit because she found the site "tacky," went on to say that while a carvery would be a cheaper option, her "dinner is going to be a lot more classy than that." "It wouldn’t be any cheaper if you went to a restaurant or hotel for a Christmas Day meal, so why should I be out of pocket? "I’ll have the telly on in the background so they can listen to the King at 3pm and watch whatever they like," she continued. How to join the indy100's free WhatsApp channel Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-11-30 19:46
Marjorie Taylor Greene accidentally refers to ‘Israel’s apartheid wall’ in speech praising barriers
Marjorie Taylor Greene accidentally refers to ‘Israel’s apartheid wall’ in speech praising barriers
Rep Marjorie Taylor Greene of Georgia, ordinarily a strong supporter of Israeli policy, referred to the country’s “apartheid wall” during an address in the US House of Representatives. Israel has again been in the headlines in Washington this week after Rep Pramila Jayapal of Washington called Israel a “racist state” before walking her comments back over the weekend. The House overwhelmingly voted in favour on Tuesday of a resolution backing Israel that did not name Ms Jayapal but appeared to be crafted in response to her comments. Israeli President Isaac Herzog, meanwhile, is set to address a joint session of Congress on Wednesday that several progressive lawmakers have announced they will boycott. On Tuesday, Ms Greene waded into the fray. In a speech on the importance of borders, Ms Greene quoted from an article that referred to the giant wall Israel has constructed between its territory and the Palestinian West Bank as an “apartheid” wall. “Walls are very important for most countries,” Ms Greene began. “There’s many countries with walls. I have one article here that comes from earlier this month that says, talking about 65 countries that have erected fences on their borders, also talking about walls, talking about security fears, widespread refusals to help refugees have fueled a new spate of wall-building around the world. “They include Israel’s apartheid — “apartheid” — wall, India’s 2,500-mile fence around Bangladesh, and Morocco’s huge sand berm,” Ms Greene continued. “So many countries around the world agree that walls are important in protecting the people within the country.” It was not immediately clear which article Ms Greene was citing, but if the second-term lawmaker from Georgia chooses to stand by her characterisation of Israel’s policy towards the Palestinians as apartheid, she will be in good company. Two years ago, Human Rights Watch said Israel is guilty of crimes against humanity in the West Bank and Gaza including apartheid. Public opinion in the Democratic Party, meanwhile, has shifted to the point where more Democrats now say their sympathies primarily lie with the Palestinians rather than Israel. That change in opinion has not, however, been reflected in Congress. Only nine members of the House opposed Tuesday’s resolution on support for Israel, all progressives. With just a pair of exceptions, the rest of the Democratic caucus and all voting Republicans supported the resolution. Mr Herzog, the Israeli president, serves as head of state while Prime Minister Benjamin Netanyahu serves as head of government. Mr Herzog visited President Joe Biden at the White House on Tuesday. Read More AOC and other progressives to boycott Israeli president’s joint address to Congress Republicans under fire for hosting Robert F Kennedy Jr on the Hill in wake of antisemitism claims
2023-07-19 09:07
Qatar's Skeikh Jassim refuses to raise $6 billion Manchester United bid-sources
Qatar's Skeikh Jassim refuses to raise $6 billion Manchester United bid-sources
By Anirban Sen and Mrinmay Dey (Reuters) -Qatar's Sheikh Jassim bin Hamad al Thani has informed the Glazer family that
2023-10-15 03:03
US House panel chair: wider Chinese iPhone ban aims to quash Apple's market access
US House panel chair: wider Chinese iPhone ban aims to quash Apple's market access
A wider ban on China state employees from using Apple's iPhones is not surprising and seeks to limit
2023-09-08 00:09
Celtic boss Ange Postecoglou named manager of the year at PFA Scotland Awards
Celtic boss Ange Postecoglou named manager of the year at PFA Scotland Awards
Celtic boss Ange Postecoglou and striker Kyogo Furuhashi have enjoyed a double success at the PFA Scotland Awards. Postecoglou was named Manager of the Year by his peers at the ceremony on Sunday evening, during which a special merit award went to former St Mirren, Aberdeen and Manchester United manager Sir Alex Ferguson. The Australian was honoured after guiding his club to back-to-back top-flight titles as they chase a domestic treble. He saw off competition from fellow Premiership boss Stephen Robinson of St Mirren, Dunfermline’s James McPake and Stirling Albion’s Darren Young. Kyogo took the cinch Premiership Player of the Year title after scoring 30 goals in all competitions, 24 of them in the league to sit at the top of the charts. He was one of three Bhoys men nominated along with Japanese team-mate Reo Hatate and last season’s winner Callum McGregor after the club surged to a second successive title, with Motherwell striker Kevin van Veen completing the shortlist. In addition, Celtic frontman Jota claimed the Goal of the Season prize for his sublime chip in the 4-0 home victory over Old Firm rivals Rangers in September. The Ibrox club’s midfielder Malik Tillman, who has scored 10 league goals this season, was named Young Player of the Year. Tillman was nominated along with Celtic duo Liel Abada – last year’s winner – and Matt O’Riley joined by Rangers midfielder Malik Tillman and Albion Rovers’ Charlie Reilly, who scored 24 goals despite the Cliftonhill side finishing bottom of League Two. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
1970-01-01 08:00
Mbappe video 'responding to Arsenal rumours' called 'desperate' by fans
Mbappe video 'responding to Arsenal rumours' called 'desperate' by fans
A viral clip has appeared to show Kylian Mbappe turning down speculation that he is about to join Arsenal but not all is as it seems. Rumours have been circulating that Mbappe, arguably the best footballer in the world, is preparing to leave his current club Paris Saint Germain after he was left out of the French champions' squad for their pre-season tour of Japan and South Korea. The 24-year-old French superstar has only one year left on his contract with PSG and if rumours are true, is widely believed to be preferring a move to Real Madrid. On the matter PSG's president Nasser El-Khelaifi has said: "We don't want to lose the best player in the world for free. We can't do that. This is a French club. "He said he would never leave for free. If he changes his mind today, it's not my fault. We don't want to lose the best player in the world for free, that's very clear." Sign up to our free Indy100 weekly newsletter Given Mbappe's overwhelming talent it shouldn't come as a surprise that many top teams in England are being linked with the star despite there being no credible reports that any Premier League side can actually afford to sign him. Arsenal fans have been the most vocal about the player coming to the Emirates with the line 'Mpabbe to Arsenal' trending on Twitter for several days. Now a clip, that has been viewed nearly 200,000 times on Twitter shows Mbappe being asked whether he will make the switch to North London by a reporter only to turn down the idea. This isn't what it looks like though. This is actually from an interview in 2021 where Mbappe was asked if he would sign for the other North London team, Tottenham Hotspur after he had an interaction with one of their most famous fans, Spider-Man actor Tom Holland. Needless to say many fans were already aware of the video and called out its deceptive nature. The clip on Twitter has been carefully edited to remove any mention of Spurs and therefore doesn't reflect Mbappe's thoughts on a move to Arsenal although and likelihood of that transfer happening still would appear to be unlikely. Recently Arsenal manager Mikel Arteta was asked about the possibility of the Gunners signing Mbappe to which the Spaniard said: "You know I never talk about players that don’t play for our club. I’m sorry." Arsenal are currently on a pre-season tour of the United States where they have already beaten the MLS All-Stars team 5-0 and are due to play Manchester United and Barcelona before the end of the month. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-22 23:50
'RHOSLC' Season 4: Monica Garcia says she was excommunicated from church for sleeping with brother-in-law
'RHOSLC' Season 4: Monica Garcia says she was excommunicated from church for sleeping with brother-in-law
'RHOSLC' Season 4 sta Monica Garcia shared details of her scandalous past in a conversation with Heather Gay
2023-09-13 10:49
Factbox-Russian companies' scaled-down IPOs in 2023
Factbox-Russian companies' scaled-down IPOs in 2023
Gold miner Uzhuralzoloto (UGC) set the price range on Monday for its initial public offering (IPO) on the
2023-11-13 19:45
Is Copenhagen v Man Utd on TV? Channel, time and how to watch Champions League fixture online and on TV
Is Copenhagen v Man Utd on TV? Channel, time and how to watch Champions League fixture online and on TV
Manchester United take on Copenhagen in the Champions League on Wednesday as they bid to finish in the qualifying places of Group A. Erik ten Hag’s side sit third in the group, six points behind Bayern Munich in top spot, and one point behind second-placed Galatasaray. United were able to end a poor run of form with a fortunate 1-0 over Fulham on Saturday, although it had looked for most of the game like they might be about to lose out again. Wednesday will offer another chance for Ten Hag to restore some pride to the club who go into the match eighth in the Premier League table and with pressure building on the manager, especially following last week’s 3-0 home defeat to Newcastle in the Carabao Cup. Here’s everything you need to know about the match and get the latest tips and odds for the game here. When is it? Manchester United take on FC Copenhagen in the Uefa Champions League on Wednesday 8 November at 8pm GMT at the Parken Stadium. How can I watch it? The match will be shown live on TNT Sports 1 with coverage starting at 7pm GMT, TNT Sports can be streamed via the Discovery+ app. If you’re travelling abroad and want to watch major sporting events, you might need a VPN to unblock your streaming app. Our VPN roundup is here to help: get great deals on the best VPNs in the market. Viewers using a VPN need to make sure that they comply with any local regulations where they are and also with the terms of their service provider. Team news Manchester United have had a host of injury issues so far this season, and the club are likely to continue to be without Casemiro for the match, but Marcus Rashford could be included in the squad after only being ruled out of the Fulham game by a late fitness test. Luke Shaw, Tyrell Malacia, Lisandro Martinez and Amad Diallo are all on the long-term injury list however and will not be included. Predicted line up Manchester United XI: Onana, Wan-Bissaka, Maguire, Evans, Dalot, McTominay, Eriksen, Antony, Bruno Fernandes, Garnacho, Hojlund Odds Copenhagen 11/4 Draw 21/10 Manchester United 8/11 Full odds here Prediction Despite United’s recent form, it is still hard to look past them against the team bottom of Group A. Copenhagen 1-2 Manchester United. Read More Manchester United’s latest moment of inspiration covers up the same old problem Marcus Rashford faces disciplinary action after ‘unacceptable’ partying The Fulham star set to show Man United the midfield move they should have made Dortmund won the battle but are losing the war for the future of football John Stones injury leaves Manchester City ‘in trouble’, says Pep Guardiola Newcastle discover brutal truth – it’s so much harder in the Champions League
2023-11-08 22:08