Graham Smyth doesn’t expect 49ers Enterprises to inject vast sums of wealth into Leeds United once they complete a takeover of the Premier League club.
The Times reported on 9 November that the investment arm of NFL franchise San Francisco 49ers are gearing up to buy Andrea Radrizzani out of Elland Road in 2023 with an option-to-buy agreement already in place.
It is understood that the 49ers had made moves in the back end of this year to “secure investment” of funds, which are now in place, to complete a full takeover.
Yorkshire Evening Post journalist Smyth believes that due to the 49ers needing to acquire funds for the takeover, it means that it’s unlikely there’ll be a huge amount of cash added to Leeds’ vault.
Writing in his latest Q&A for the Yorkshire Evening Post, Smyth shared what to expect once the 49ers come into power at Elland Road moving forward.
“The 49ers have embarked on a lengthy apprenticeship that should by now have given them a real insight on Leeds United history, culture and expectation,” he wrote.
“As for the rich part – they don’t strike me as the kind to come in and go toe-to-toe with state-owned clubs, not when private equity has had to be gathered in order to get the finances in place to make a takeover happen.”
In other Leeds United news, we can exclusively reveal a big update on Stuart Dallas’ recovery from his fractured femur.