Al Guido chairs company to aid Everton despite San Francisco 49ers-Leeds United plans
Al Guido, who is the president of the investment arm of the San Francisco 49ers-Leeds United takeover, also chairs the company that will assist Everton.
After suspending ties with Alisher Usmanov, the Toffees announced that they would work with Elevate Sports Ventures to help with their new stadium.
Guido, is the chairman and CEO of that company and is reportedly involved in the 49ers’ plans to complete a £496million takeover of the Elland Road outfit.
Via Twitter, former Mirror journalist Richard Bruxton wrote, “Everton have appointed Elevate Sports Ventures to oversee commercial strategy for Bramley-Moore Dock, including the search for a naming rights sponsor.”
The Esk, who is an Everton podcaster and a journalist on the financial matters at Goodison Park, then pointed out, “Interesting choice as per @RichardBuxton_ re commercial partner for Bramley-Moore. Interesting choice. Al Guido is Chair of Elevate but also President of the 49ers who’s investment arm plan to buy Leeds United outright by Jan 2024 for $560m.”
Conflict of interest?
It is quite interesting that Elevate Sports Ventures will be front and centre of major plans for both clubs in the next few years.
They will certainly look to take Everton to the next level and help them find naming rights and other commercial streams to helm them monestise their new stadium.
With Guido being the president of 49ers’ investment arm, it’s impossible to expect him to stay out of negotiations in the potential takeover of the club.
Whether or not he has a direct say in the club activities post the takeover, remains to be seen but it does seem like bit of a conflict of interest, as things stand.
Surely, as time progresses, things will look clearer and it’s maybe just speculative and there’s nothing that will give rise to any conflicts in the future.
Hopefully, the takeover goes ahead smoothly as Andrea Radrizzani does seem cash-strapped to a certain extent and Leeds need to spend big money to go to the next level.