By Dave Woods

6th Nov, 2019 | 9:45am

L'Equipe delivers update on QSI Leeds investment, club valuation discussed

It’s the story that won’t go away.

QSI (Qatar Sports Investments) have been linked with Leeds for a while now but actual investment in the club seemed to move a step closer when Andrea Radrizzani talked to the Times last month.

In an interview with Martyn Ziegler, the Leeds owner said that he had whittled down possible Leeds investors to a pool of three, with QSI named as frontrunners.

French outlet L’Equipe delivered an update on the story on Wednesday, with QSI stating that they have been in ongoing talks with Leeds for the past few months.

A QSI spokesperson said that the talks were moving slowly but that the situation could change quickly. When asked about the valuation of the club, it was said to be between £51m and £69m (€60-80m).

The QSI spokesperson also said: “It [Leeds] is an opportunity, it’s interesting and it’s a big name in English football that we can help develop and bring back (into the Premier League); it’s a very beautiful brand with which we can recreate a story.”

It doesn’t add a whole lot to the narrative, although it does contradict what Radrizzani said after the Times interview: “When and if we will open discussions is completely is another story. It depends on the right moment, a moment where I believe we need support to build the club bigger than what we could do with our own resources.”

However, the valuation is interesting.

Radrizzani paid £45m for the club and £20m for Elland Road, and in a Telegraph interview from August 2017, he said he’d already invested £100m.

That would make the current valuation seem very low, especially with Leeds favourites to go up to the Premier League this season.

That would seem to be what this hinges on. If Leeds go up they will be worth a lot more money and taking investment then would make sense.

At the moment? Not so much, with a lower valuation and financial fair play obligations. If Leeds don’t go up, though… That could change things again.

It’s a fascinating period in time for Leeds, who are seemingly on the brink of not only a return to the Premier League, but with money men ready to take them back to the top table.

In other Leeds news, Paul Robinson claims one area of Leeds game ‘not good enough’ despite win v QPR