49ers fear big with risk of losing £120m in Leeds United takeover
The San Francisco 49ers are set to buy Andrea Radrizzani’s 56% stake in Leeds United by the January of 2024 according to reports by Yorkshire Evening Post.
The American group are minority shareholders in the Premier League club with 44% of shares.
A reported agreement has been made between them and the Whites chairman to acquire his remaining 56% of shares in an enormous deal worth upwards of £400million which would represent a full purchase of the club.
The valuation of the deal would likely change should the Elland Road outfit drop out of the Premier League as they currently sit in the relegation zone with two games left to play and Radrizanni will be beside himself with worry at the prospect of losing so much money.
Should Leeds find themselves in the Championship next season, £120million in broadcast revenue would be wiped from the club’s income for the 2022/23 season which will be a huge blow for everyone at the club.
Parachute payments would certainly ease the blow but wouldn’t be enough to see a host of players on “Premier League wages” leave.
That would, of course, be great in lowering their wage bill but ultimately terrible news for the Whites and leave the direction of the club in the future very uncertain.
The most important thing, for the time being, is what happens on the pitch.
Make no mistake Radrizzani and the 49ers have done great by Leeds whilst in charge. It would be easy to forget with the current state of the squad but they deserve a lot of credit for getting the Whites back to the Premier League.
With that being said, the Italian chairman should have invested more money into the squad ahead of this season with that being the defining factor in not only them being dangerously close to relegation but the sacking of club legend Marcelo Bielsa.
Jesse Marsch is now at the wheel and looks to be facing just as tough of a time as the Argentine because the squad needs desperate attention.
It will come back and bite Radrizzani massively. He could potentially lose hundreds of millions of pounds if Leeds isn’t a Premier League entity when the reported takeover happens but hopefully, it doesn’t come to that.