Andrea Radrizzani could now stay put at Leeds United amid £4.16bn update
Leeds United’s Premier League future is far from certain with three games remaining, and it’s not the only thing that is hanging in the balance right now.
The 49ers Enterprises have an option to complete a full takeover of the club this summer, with a £400m deal agreed should the club stay in the top flight.
However should they be relegated then the deal would need to be renegotiated, with reports suggesting that the American firm would want at least £150m taken off the valuation.
Radrizzani has publicly claimed already this season that he knows he will need to step aside at Elland Road as he simply can’t finance their aspirations of returning to the top end of the Premier League table, and knows that he’d be doing a disservice by staying in place.
However with relegation being a very real possibility this season, that target becomes far more long-term and many would deem his run as owner as a failure if he left us in the second tier.
A report in The Telegraph (29 April) suggested that Radrizzani was considering staying at the club in the case of relegation and helping rebuild the club back to a top flight side with a sale at a later date.
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However it’s not his choice really, with the 49ers Enterprises having their option in place.
There had been some suggestion however that Radrizzani was ready to move on from Leeds, with a bid to take over Inter Milan on the cards according to Bloomberg (13 April).
But there has now been a fresh twist in that tale, with Inter Live (10 May) reporting that he has now withdrawn from the race to become Inter’s new owner after Gianfelice Mario Rocca entered the race.
He is the eighth richest man in Italy with a net worth estimated at £4.16bn, and Radrizzani simply can’t compete with that type of capital.
But as relegation edges closer to Elland Road, the idea of Radrizzani staying put to try and put the club back in the Premier League and get the full value of his deal with the 49ers Enterprises 12 months later than expected seems more and more likely.
Fans will be furious, but he has proven to be capable of taking us to the promised land. If he can do that following relegation and then leaves, it can hardly be seen as a bad thing.
If fans were given the option of an extra 12 months of Radrizzani at the helm but with promotion at the end of it, they’d snap your hand off.
That now is a very real possibility.
In other Leeds news, four ruled out by Sam Allardyce for Premier League clash v Newcastle.