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    10 June 2023

    Leeds United’s ownership set to shift as 49ers acquire controlling stake

    Leeds United Chairman Andrea Radrizzani Agrees to Sell Stake in the Club

    The football world was left stunned by the news that Leeds United chairman, Andrea Radrizzani has agreed to sell his stake in the club. This comes after 49ers Enterprises, which is an investment arm of San Francisco 49ers, purchased a 15% stake in Leeds back in 2018 and then increased it to 44% just this year.

    Radrizzani bought Leeds for £45m outright back in 2017 but had seen his share drop down to only 56%. The move could not have come at a worse time as managerless Leeds were relegated from Premier League on the final day of play and are now preparing for Championship.

    Details of Agreement with Aser Ventures and Update on Sale Progression

    A statement released by Leeds United confirmed that “an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club.” It also stated that both parties “continue to work through details” with further updates expected soon.

    The club assured fans that their focus remained on making a quick return back into Premier League despite relegation setback.

    Backlash Against Radrizzani’s Ownership from Fans & Supporters’ Group Statement

    Fans seemed relieved yet vindicated following reports about potential ownership change due to recent criticism levelled against Radrazzini’s stewardship. The supporters’ club released a statement saying that “his behaviour is appalling and he risks never being welcome at our club again…The sooner he goes the better…”

    The Press Association has revealed that the valuation of about £170m has been agreed upon. The previous agreement, which was dependent on Premier League survival, was worth about £400m – however negotiations restarted following their drop to Championship.

    Conclusion

    The sale marks an end of an era for Leeds United with new ownership expected to take over soon. It remains to be seen how this change will impact the team’s performance in upcoming seasons but it’s clear that fans are hopeful for a brighter future.

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