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Paul Robinson has hailed the new investment in Leeds from the 49ers as “very, very clever business”.
Leeds announced on Monday that the 49ers had taken a bigger share of Leeds in a deal worth £50m that will see them own 37% of the club.
They had previously bought a 15% stake in Leeds for around £10m. The new deal sees the club valued at over £220m.
Robinson said that investment in a club like this at a time of huge financial uncertainty was “almost unheard of” and said it shows how big a proposition Leeds are in the Premier League.
Talking exclusively to MOT Leeds News, Robinson said, “In the global pandemic we’re in, the financial downturn we’re in, to have any sort of investment, any money coming in is almost unheard of.
“It’s fantastic news, it shows where Leeds are at the moment and shows what an attractive proposition they are.
“It gives the club more financial strength at just the time but the deal is worth so much more than that.
“The San Fran 49ers bring with them an enormous amount of business expertise and know-how.
“It’s a global business that knows how to turn a club into a global brand and Andrea Radrizzani is still at the head of the club.
“That’s good news and it’s very, very clever business by Leeds.”
Radrizzani confirmed afterwards that he would look to open talks with Marcelo Bielsa over a new contract as soon as possible.
Leeds aren’t expected to spend any of the money in this transfer window, with a big squad overhaul expected in the summer.
In other Leeds United news, MOT View: Radz masterstroke – Leeds set to open talks over exciting new deal amid £50m claim