49ers make new Leeds United statement after £120m developments – Exclusive
Leeds United and the 49ers Enterprises have made it no secret that they are planning for the long haul in the Premier League.
After winning the Championship title, Daniel Farke’s next job is to buck the trend of the six last promoted clubs being immediately relegated.
Paraag Marathe has already made it very clear that he will spend every last penny in line with PSR to help keep Leeds where they are, and further encouraging news has dropped.
49ers secure mega new investment at Leeds
Ahead of the new Premier League season, Leeds have already raised £120million of fresh investment by issuing new shares to existing investors.
Dan Plumley was left impressed, admitting it is a big statement of intent from the American owners as they look to establish the Whites at the very top again.
The football finance expert believes that it is a big push with the expansion of Elland Road, which will bring more benefits in the Premier League.
“It’s a big statement of intent,” he exclusively told MOT Leeds News.
“Especially with a direct line on what it’s earmarked for, it’s pretty clear. We kind of expected that, a little bit, with the predictions with Leeds, it’s a big push with Elland Road and otherwise.
“It’s pretty clear now with that kind of investment over the top of that, with some of it earmarked for transfers, that they are going to have a really good go at staying in the league, and we’ve talked about the benefits of Elland Road expansion and everything that comes with it.
“They will have benefits regardless, but more if you are a Premier League club, so it’s a real statement of intent and you can see where they are pushing to try and stay up and grow from there.”
Farke must take transfer advantage at Leeds
After facing unnecessary criticism for his time with Norwich in the Premier League, there won’t be many more delighted with this investment than Farke.
The German was not backed by the Canaries and that immediately translated to heavy defeats, but there is no excuse at Elland Road this time around.
He will have to get it right quickly, or face the ultimate consequence.