Company filing from billionaire-owned group is huge hint new investment is imminent at Leeds
Leeds United could be set for imminent new investment from the billionaire-owned San Francisco 49ers group.
They have set up a new fund called “Leeds II” after their initial 10% stake was bought with a “Leeds I” fund in 2018.
The new information came up in a brilliant thread on Twitter, where Leeds Fans Utd director Mike Thornton ran through the current financial situation of the club after getting promoted during the Covid pandemic.
Thornton went on to say that he thought the Premier League money would have been used up by now – Leeds have spent £100m over the summer on transfers, for one.
He also said sponsorship would be down given the lack of fans and the current global situation.
He asked where the money will be coming from in the future and went on to provide a fascinating new bit of information.
He confirmed that the San Francisco 49ers “have opened a new Venture Capital Fund to raise money for a new investment and named it ‘Leeds II’.
Thornton continued: “Their ‘Leeds I’ fund was used to provide the cash to buy their shares in #LUFC in 2018 So…
“So the inference is, & I stress inference at this point, they will or already have bought more shares in #LUFC and that is providing cash for the club’s spending.”
The information in question was first posted on Twitter on Wednesday night by a Leeds fan on Twitter called @LEGSYN8GELDERD.
You can read it in more detail at Docoh.com.
Global superstars
Andrea Radrizzani has a big plan at Leeds – getting to the Premier League was just the first half it.
The next couple of years involve consolidation before an attack on the top six and Europe, and to do that Leeds will need to bring fresh money in.
Radrizzani has been very open about this and after flirting openly with the QSI group, it seems that the San Francisco 49ers are by far the most likely source of new funds.
This new information makes it seem likely that it’s going to happen very soon, if it hasn’t already.
We know a lot of fans had their heads turned by QSI and some of the more thrilling lines said by Radrizzani himself. He said QSI could catapult Leeds into the same spending bracket as Man City.
However, the San Fran 49ers are a global force, both in sports and in business. The billionaire-owned group bring a huge amount to the table and MOT Leeds News columnist Paul Robinson thinks it’s the perfect partnership for Leeds.
They already own 10%. This suggests that their part in the Leeds story is set to grow even bigger in the not-too-distant future.
In other Leeds United news, ‘Feels almost illegal’ – Graham Smyth claims Orta has pulled off jaw-dropping deal for young ace