Andrea Radrizzani in advanced talks over Leeds United takeover deal as Sky Sports share breaking update
Andrea Radrizzani flew to the US late last week to broker terms on a new deal to sell Leeds United to 49ers Enterprises, with the takeover “hanging in the balance”, Sky Sports reports.
Relegation on the final day after 4-1 defeat to Tottenham (28 May) has rendered the prior agreement moot and a replacement has not been completed for the now-Championship Whites outfit.
The Americans still want to complete their takeover but amid late attempts to land on a deal before the season concluded there is as-yet nothing in place.
Speaking live on Sky Sports News on Tuesday (30 May) Bela Shah said: “Leeds owner Andrea Radrizzani remains in negotiations over a revised deal to sell the club.
“The American owners of the San Francisco 49ers NFL team still want to purchase the remaining 56% stake from Radrizzani despite the drop, but not at the previously agreed price.
“Radrizzani is understood to have flown to the US late last week to broker the terms on a new deal, with the previous price agreed only if they had stayed up.
“He was not present at Leeds’ last game of the season on Sunday… and two days later the long-discussed takeover is hanging in the balance with Radrizzani still deciding whether or not to go ahead with the sale.”
The sooner this situation reaches a conclusion one way or the other the better because this has the potential to define not only the summer but the short and long-term future of Leeds United.
It is a positive development that Radrizzani is at least engaged in the negotiations currently after his attention appeared to be taken up by his attempts to buy Sampdoria this week.
But there still isn’t a conclusion so he will have to keep discussions going as a priority until one is reached.
Unless he is prepared to adequately bankroll a shot at an immediate return to the Premier League it seems clear that the club needs to be moved into new permanent hands as soon as possible.
Being caught between two sides, one on his way out but still in control, and one on their way in but not in charge, is not ideal in any circumstances but especially when so many key decisions need making.
Financially Leeds United are thought to be in a relatively strong position to mount a promotion push at the first attempt, but it will mean nothing if the turmoil that has engulfed the club behind the scenes this season isn’t sorted out first.
In other Leeds United news, a strong verdict has emerged on the 49ers favourite target to take over as manager if they get in.