Kieran Maguire explains latest financial movement at Leeds United as new documents revealed
Leeds United appear to be changing their constitution based on new documents on Companies House, according to Kieran Maguire.
On Thursday, Leeds posted several updates on Companies House, which appear confusing to the untrained eye.
However, football finance expert Maguire has come to the rescue to explain what the latest boardroom development at Elland Road means.
Writing via his personal Twitter account, Maguire said: “Busy morning at Companies House for Leeds United.
“Looks as if club is changing its constitution in relation to the transfer of shares between investors.”
We assume that this shift in the principles at Leeds United is down to the new increased ownership of the 49ers at Elland Road.
Last week, Paraag Marathe’s NFL franchise bumped their stake up to 44 per cent, meaning they are now really close to buying out Andrea Radrizzani, who remains the majority shareholder.
While the 49ers don’t exactly wear the trousers in the boardroom at Elland Road, their feet are way more under the table than they were and this change could be something that have sought out amid their latest investment.
Some Leeds fans probably won’t care about the business aspect of the 49ers increasing their shareholding at Elland Road – they want to know how it will affect the side.
It’s likely that there is now more money in the football club than there was in the summer transfer window.
Buying Daniel James is bound to have set Leeds’ transfer budget back but in terms of the money that can be pumped into the Yorkshire club, there’s more of it available.
Will we see some spent in January? That is bound to depend on Marcelo Bielsa, who’s famously not keen on adding to his squad mid-season.
Next summer, if we avoid relegation, could be a massive one though.
In other Leeds United news, fans are drooling over this January transfer news and have urged Victor Orta to “buy” this player.