Leeds United takeover on track as Premier League rivals prove US financial prediction wrong
Leeds United’s protracted takeover in 2023 is still set to go ahead after expert opinions were proven wrong by Bournemouth on Tuesday (13 December).
The Cherries saw their £100m takeover by American businessman Ben Foley completed after all checks and procedures were completed by the FA, adding more American owners to the Premier League.
But there has been concern about US investment in England’s top flight recently, with Todd Boehly overpaying for Chelsea earlier this year and both FSG and The Glazer family putting Liverpool and Manchester United up for sale respectively.
Richard Edwards cited Jordan Kobritz from the State University of New York in his Sunday Mirror column (27 November, Pg 77). Kobritz labelled the current economical situation “the worst financial conditions in a generation” amid sales from FSG and the Glazers.
“The worst financial conditions in a generation are forcing US owners to cash in on their investments overseas,” wrote Edwards.
“These are owners who are walking away with huge profits. Like it or not, this is the only thing they’re interested in.”
But despite those comments, it seems to be untrue if Foley’s acquisition of Bournemouth is anything to go by.
The San Francsico 49ers have been aligned with Leeds United for a while now and they will have been keeping a close eye on everything that has been going on at Elland Road to ensure they want to take over.
Relegation last season or this season could yet change their minds, but they’ve made the intentions pretty clear already by securing funding to complete a takeover before January 2024.
Andrea Radrizzani will be anticipating a sale, and Leeds fans are anticipating the arrival of American owners who have big visions and intentions for our football club.
The Cherries have proven the experts wrong about Americans wanting to invest money into the club, and now we need the 49ers to do the same and go one step further by helping us get back to our former glory.
First though Jesse Marsch must avoid relegation this season to ensure we are still a Premier League club when they come into power.
In other Leeds news, issues remains as senior first-team player edges closer to Elland Road exit