Leeds takeover: 49ers group strikes deal for 100% control

Leeds United owner Andrea Radrizzani has actually reached a contract to offer his stake in the club to 49ers Enterprises, the second-tier English side stated Friday.

49ers Enterprises, the financial investment arm of the NFL’s San Francisco 49ers, has actually been an investor at Leeds, just recently relegated from the Premier League, considering that its preliminary financial investment in May 2018.

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Over the previous couple of years, its stake increased to 44%, while Radrizzani’s Aser Ventures owned the staying 56%. Leeds stated that a purchase has actually now been concurred.

“Both parties continue to work through the details, and further updates will be provided soon,” they stated in a declaration.

Earlier this season, Radrizzani and partner Matteo Manfredi bought of the relegated Serie A club Sampdoria.

Leeds were relegated from England’s leading tier after a roller-coaster season under 4 various supervisors. They completed second from bottom in the standings on 31 points and will now complete in the EFL Championship next season.

“All of our focus remains on a quick return to the Premier League,” the declaration included.

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