Leeds United: 49ers Enterprises sell minority stake to NFL team owner amid search for new investors
Leeds United owners 49ers Enterprises have sold a minority stake in the club to Ackerley Partners, a private holdings company that also owns a stake in the Seattle Kraken, according to Bloomberg.
The financial news outlet shared via their website on 20 November that Ackerley Partners said it will provide strategic capital to expand the football and commercial operations of the club.
49ers Enterprises are also looking for another minority investor in Leeds, with a stale available, but a sale is not guaranteed to take place according to people involved in the deal.
Bloomberg also shared that a spokesperson for 49ers Enterprises and Leeds United refused to comment on the sale.
New investors already
Just months after the 49ers completed their full-scale takeover of Leeds, new investors have already been welcomed into the club, and with another potentially on the cards if the extra minority sale goes through, it could lead to even further investment.
With Acklerley Partners promising to provide funds towards the footballing and commercial operations, this could mean further investment in the playing squad, rather than simply off-field matters.
The aim for Leeds United this season is to earn promotion back to the Premier League, and it appears the 49ers had this in mind when agreeing to the minority sale as they believe the extra investment will assist them in their ongoing mission.
Along with Ackerley’s new involvement, there is investor participation from several athletes, including Cliff Avril, James Dayson, David Forst, Cameron Hewes, Jed Kaplan, Alex Smith, Malcolm Smith, and Brady Quinn, who could bring new eyes to the football club.
In other Leeds United news, a new update has emerged on Wilfried Gnonto’s injury.