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Andrea Radrizzani agrees to sell controlling Leeds stake to 49ers Enterprises
Andrea Radrizzani agrees to sell controlling Leeds stake to 49ers Enterprises
Leeds chairman Andrea Radrizzani has agreed a deal to sell his controlling stake in the club to co-owners 49ers Enterprises. As a result the American investment group, owner of NFL franchise the San Francisco 49ers and a minority shareholder in Leeds since 2018, will take full ownership. “Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club,” said a statement. “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.” 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 last month forced both parties back into intense negotiations and a valuation of close to £170m has been agreed. The deal marks the end of Radrizzani’s six-year ownership of Leeds. He completed a full takeover from fellow Italian Massimo Cellino in 2017 and initially proved hugely popular. Radrizzani 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. 49ers Enterprises has steadily increased its stake, while Radrizzani’s relationship with the Leeds fanbase began to sour when Bielsa was sacked in February 2022. Leeds escaped relegation on the final day of the 2021-22 season under Bielsa’s successor Jesse Marsch and Radrizzani promised that the club would not be involved in another survival fight. But results this past season failed to improve and after Marsch was sacked in February, his replacement Javi Gracia and then Sam Allardyce, appointed with four games remaining, failed to halt the slide. 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 Keely Hodgkinson sets new British record at Paris Diamond League Andy Murray targets the next step after reaching Surbiton semi-finals again French Open day 13: Djokovic reaches final as Alcaraz struggles with cramp
2023-06-10 04:55
Global money market funds see largest inflows since March amid US downgrade, economic woes
Global money market funds see largest inflows since March amid US downgrade, economic woes
Global money market funds attracted massive inflows in the week to Aug. 2 as investors sought safer assets
2023-08-04 19:59
Who is Mia McGill? 'Jeopardy!' contestant becomes a fan-favorite for her relatable movie-watching habit
Who is Mia McGill? 'Jeopardy!' contestant becomes a fan-favorite for her relatable movie-watching habit
While Mia McGill did not win the game, they were successful in winning the attention and praise of several 'Jeopardy!' viewers
2023-07-13 16:47
Browns impressive offseason trade pays dividends on Sunday in Baltimore
Browns impressive offseason trade pays dividends on Sunday in Baltimore
The Browns pulled off a crazy upset over the Ravens in Week 10. Cleveland has one player in particular to thank.
2023-11-13 06:08
Jennifer Lopez stuns in denim Valentino while furniture shopping for $60M home purchased with Ben Affleck
Jennifer Lopez stuns in denim Valentino while furniture shopping for $60M home purchased with Ben Affleck
Lopez and her husband, Ben Affleck, put down a whopping $60.85 million in cash for their magnificent and spacious home in Beverly Hills
2023-06-06 17:56
Keke Palmer has fitting response to boyfriend’s comments about her outfit
Keke Palmer has fitting response to boyfriend’s comments about her outfit
The internet has been criticising Keke Palmer’s boyfriend, Darius Jackson after he publicly shamed an outfit she wore to an Usher concert, but Palmer has been praised by fans for her unbothered response. After Twitter account RNB RADAR posted a video of Usher serenading the Nope star as she wore a black bodysuit under a sheer polka dot dress, Jackson, with who she shares a baby with, quoted the Tweet writing “it’s the outfit tho… you a mom.” “We live in a generation where a man of the family doesn’t want the wife & mother to his kids to showcase booty cheeks to please others & he gets told how much of a heater he is.” Jackson said in an attempt to defend his earlier comments. “This is my family & my representation. I have standards & morals to what I believe. I rest my case.” Sign up to our free Indy100 weekly newsletter However, social media was unsatisfied with his explanation and continued to criticise him: Whilst some pointed out Jackson’s hypocrisy in his statement: Supporters of Palmer also went to troll Jackson on his Instagram, leaving comments such as “you’re a father, please delete this” and “it’s the outfit tho, you a dad” under shirtless pictures of him. Whilst Palmer hasn’t directly addressed her boyfriend’s comments, she did post on Instagram numerous images of herself in the outfit and fans loved it. Many wrote comments such as: “Don’t let baby daddy dictate what you wear! Put that sh** on!!!”, “Keke said ‘so anyways’”, “She said yeah yeah yeah, whatever”. 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.
2023-07-07 19:44
US chip giant Micron to invest $600 mn in China plant
US chip giant Micron to invest $600 mn in China plant
US chipmaker Micron said Friday it would invest more than $600 million in a packing and testing factory in northern China, less than a month after Beijing banned...
2023-06-16 17:59
US imposes new sanctions on Hamas operatives
US imposes new sanctions on Hamas operatives
The US Treasury Department on Wednesday imposed sanctions on "10 key Hamas terrorist group members, operatives, and financial facilitators" in an effort to stem the revenue flow for the terrorist group.
2023-10-18 21:04
'Love turns you into titanium': Jeremy Renner teases new music inspired by his harrowing snowplow accident
'Love turns you into titanium': Jeremy Renner teases new music inspired by his harrowing snowplow accident
Jeremy Renner, known for his acting, is set to release his music project 'Love and Titanium' inspired by his remarkable recovery
2023-10-24 19:42
Stalker 2 studio claims to be hacked by Russians
Stalker 2 studio claims to be hacked by Russians
The studio has asked fans not to watch any leaked content from the unreleased game.
1970-01-01 08:00
Tom Sandoval ejects fan from his concert after they hold up #TeamAriana sign in support of his scorned ex Ariana Madix
Tom Sandoval ejects fan from his concert after they hold up #TeamAriana sign in support of his scorned ex Ariana Madix
Sandoval was recently caught speaking to his mistress Raquel Leviss on the phone while heading to Pennsylvania by a fan
2023-05-31 20:27
'Priscilla' trailer features big hair, young love and zero music by Elvis
'Priscilla' trailer features big hair, young love and zero music by Elvis
Acclaimed director Sofia Coppola is giving viewers another peek at her upcoming biopic "Priscilla," which takes the focus off the King of Rock 'n' Roll and shines a light on his iconic wife Priscilla Presley.
2023-10-04 06:48