Kieran Maguire: Leeds fans should not worry at new Companies House Documents
Kieran Maguire has insisted that there is nothing to worry about after new Companies House Documents were shared regarding Leeds United.
The finance expert shared the documents on Twitter, insisting that the club is “changing its constitution in relation to the transfer of shares between investors.”
The 49ers Enterprise increased their stake within the club last week, something that has led to this change in shares.
Speaking to the Yorkshire Evening Post this afternoon, Maguire shared if the fans should be worried by matters at Elland Road.
“It happens every time there is a big investment,” he said. “There’s nothing to be worried about at all.
“It’s very common practice and I see a lot of clubs getting new investment and this is one of the things that happen in terms of tweaking the constitution, giving shareholders rights, changing some of the existing rights and also what happens if you want to sell.
“It’s legal rather than finance. It’s all to do with the rights of the shareholders and the ability they have to sell their shares.”
Nothing to see here.
Thankfully, this is nothing to worry about but everyone can understand the potential worry given our struggles financially in years gone by.
Radrizzani welcomed more investment from the 49ers Enterprise over the past week, and this is likely to represent that from the legal point.
Technically, Maguire shared that the documents have nothing to do with finances and more the control of stakes among investors.
We are bound to see even more change in the years to come given that the American consortium are edging towards complete control of the club.
Radrizzani will likely hand over the majority investor title with the next sum of money pumped into the club, and his future will be decided after that.
Times are changing at Elland Road.
In other Leeds United news, Paul Merson has dropped a huge transfer claim on one Whites star with an imminent exit on the cards