Leeds United owner Andrea Radrizzani has rejected takeover offers “in recent weeks”, according to the Financial Times.
However, he says he is open to selling another minority stake in the club at a valuation of £270m-£300m, with the 49ers and Qatar interested.
QSI is reportedly still interested in a total takeover.
Radrizzani was talking in the FT where it was claimed “investors were lining up to back his plans for Leeds.”
That involves taking them to the brink of the top six in the Premier League, where Radrizzani thinks Leeds would be worth £600m-£1bn.
“The target in five years is to be behind the ‘Big Six’. If we get there in terms of sports results and we have a very solid business . . . then we can be [worth] in the region of £600m-£1bn.”
In terms of extra investment, Radrizzani said, “The 49ers are interested, Qatar is interested, there are other parties interested. It’s more important to have a shared vision and strategy, that they are comfortable with what I want to build and achieve.”
However, the standout line in the report was: “He claimed to have rejected takeover offers in recent weeks, but is willing to sell a minority stake in the club at a £270m-£300m valuation.”
The report also said: “One adviser to QSI said it continued to be interested in acquiring Leeds outright.”
We don’t want full takeover
This is a very interesting development, although it’s very possible that Radrizzani is putting that out there to tempt more investors to come forward.
If he has turned down takeover offers, then we think it’s very good news for Leeds fans.
We want Rarizzani to stay at the club and are more than happy for either the 49ers or the QSI group to come in and buy another minority stake.
The club has taken huge strides forward under Radrizzani and his contribution to Leeds United cannot be overstated.
He bought back Elland Road, he was responsible for bringing Bielsa to the club and he’s taken the team back into the Premier League.
A takeover could well mean the end of Bielsa at the club – he demands a certain level of control – and no matter how much money it would unlock, we can’t see any fans wanting this.
And neither should they. Leeds have the best board and manager in a very long time and consolidation and continuity is crucial.
In other Leeds United news, ‘I can’t wait…’ – Alan Brazil reacts to Durham claims Leeds will be relegated