Leeds owner Radrizzani asks PL to apply fair play regulations after Newcastle takeover
Leeds United owner Andrea Radrizzani wants the Premier League to enforce financial fair play rules following the Newcastle takeover.
Saudi Arabia’s Public Investment Fund completed a £300million takeover of the Magpies last week, and the sovereign wealth fund of the Kingdom is worth around £320billion.
Manchester City owners – Abu Dhabi United Group – have more than enough to spend too, and Radrizzani has urged the authorities to ensure everyone has a level playing field when it comes to recruitment.
The Leeds chairman said on Sky Sports (as shown on Football Daily’s Twitter account): “Look, money in football is not always equal to success. It’s been shown many times. I think we have a brilliant project run by Marcelo Bielsa and Victor Orta on the football, and we will continue with our strategy to focus on our recruitment and grow our own players.
“This year, for example, we had more than 16 national team players in our youth teams. In the last under-20 England team, we had four players on the pitch and two on the bench, so this is synonymous of good investment in the youth and the academy.
“At the same time, clubs like Newcastle or Manchester City, owned or controlled by governments, by sovereign funds, they have unlimited possibilities, and that’s why I believe the Premier League should apply a fair play regulation to make sure we play fair, we play the same competition with the same opportunities.”
🗣"Money in football is not always equal to success."
Leeds owner Andrea Radrizzani has big ambitions for Leeds pic.twitter.com/Nle2v6HW8T
— Football Daily (@footballdaily) October 14, 2021
Premier League clubs, including the Whites, were against the Newcastle takeover, and they pushed for an emergency meeting with the top-flight last week, demanding to know why the process was eventually approved [The Guardian].
Clubs like Leeds know the Magpies are now a threat to their chances of breaking into Europe, and Radrizzani is definitely not happy.
Newcastle can spend as much as £190million in January without breaking Financial Fair Play rules [The Telegraph], and that dwarfs the whole transfer outlay the Italian businessman has spent since taking over the Elland Road outfit.
A team like Man City spend almost at will every window, and that does not give the likes of Leeds any chance when it comes to realistically competing for major silverware.
Despite being in similar positions in the Premier League table at the moment, Marcelo Bielsa’s side could be struggling to challenge with Newcastle in a few seasons’ time, and that definitely has gotten Radrizzani very worried.
In other Leeds United news, a talkSPORT host has mooted move to club with owners worth £320bn for Whites ace.