By Dan Plumley

4th Nov, 2022 | 9:10am

We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Leeds United...

Dan Plumley has insisted that the 49ers Enterprises’ full takeover of Leeds United once again has the short-term risk of relegation from the Premier League.

The Finance Expert has admitted that the Whites have seen their equity and enterprise value rocket up by £200million since returning to the top flight, but that would be instantly slashed if relegated.

The 49ers have the option to complete the full takeover of the club for more than £400million before 2024 but are yet to pull the trigger as they work alongside Andrea Radrizzani [The Athletic].

“It’s a really interesting one,” he exclusively told MOT Leeds News.

“That brings us back full circle to the differences between English football and the American model of sports as you have that real short-term risk still and Leeds United may be in a relegation battle this season.

“That’s always in the back of your mind with this, and they’ll have their own reasons as well as that, but that would be one you are looking at. It’s absolutely right to look at the value of Leeds United at the moment in terms of where they’re at: their stock is high, if you look at their equity and enterprise values, they’ve jumped up over £200million from being back in the Premier League.

“Depending on the model you use, the value is currently at £300-400million, for the record, I think £300million is more likely at the top end. It’s still the highest value they’ve ever been given where they’ve come from and where they’ve been, so that’s really positive and that will factor into the decision-making.

“But, the risk of short-term performance is still key, and if you were to drop into the Championship again, you can take £100million off that valuation overnight, so that is the risk.”

This is nothing to worry about now.

Paraag Marathe has been a constant figure around the club and has been spotted at Elland Road frequently this season, something that likely would not happen if there were large concerns.

Of course, the Whites need to remain a Premier League club to continue reaping those financial benefits and pushing on to the next level, but no one is thinking of relegation.

Bring it on.

In other Leeds United news, Andrea Radrizzani and Victor Orta have started scanning the market for potential upgrades on Jesse Marsch at Elland Road