Leeds United's Andrea Radrizzani era is officially over LUFC
The 49ers Enterprises have completed a full takeover of Leeds United from Andrea Radrizzani.
The investment vehicle linked to NFL side the San Fransisco 49ers has ended the Italian businessman's six-year reign at Elland Road by purchasing his 56 per cent stake.Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club49ers Enterprises already owned 44 per cent of the club's shares, but are now in full control of the recently relegated team.
Confirming the deal, a statement from the Yorkshire club read: "Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club."All of our focus remains on a quick return to the Premier League."The deal values Leeds at £170million, and it also includes the ownership of Elland Road, which Radrizzani reportedly offered as security in his attempts to buy Sampdoria.
It is said that over 60 investors make up 49ers Enterprises, with current Leeds board members Paraag Marathe and Peter Lowry involved. A valuation of £420million was agreed by Radrizzani but following their relegation, the 49ers' valuation decreased by £200million.Most read in Championship
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
109-year-old Leeds cinema to reopen after huge makeover£2million has been spent on two-year makeover ahead of the opening on June 30
Read more »
Meet the Leeds mum who turned her life around after being made redundantShe is now helping other people find work.
Read more »
Leeds thug repeatedly stabbed victim and left him fighting for his lifeAkwia Bryant attacked the 28-year-old in Town Street, Armley
Read more »
Hip Leeds café owner swears like a trooper but makes amazing coffeeJake Gilmour is the mastermind behind Kulture Coffee in Kirkstall Road
Read more »
Moment masked axe-wielding thieves raid Leeds jewellers in broad daylightWest Yorkshire Police responded to a robbery in Morley and two men have been arrested
Read more »
Exactly how hot it will be in Leeds this weekend as 30C heat hits UKThe Met Office said the new weather front is set to bring unsettled conditions to the area
Read more »