By Sam Stone

11th Nov, 2022 | 9:10am

Phil Hay reveals major financial update on 49ers takeover at Leeds United

The Athletic’s Phil Hay has revealed that Leeds United are valued in the region of £500million as fresh 49ers takeover talk emerges.

The Times (9 November) report that the American enterprise have secured the funds to complete a full takeover of the club.

Hay has since revealed that there has been some dispute over the agreed £475million value of the club, with a vague estimate being in the region of “half a billion”.

“Just to recap, and this goes back to the story we did almost 12 months ago this time last year which is about the option the 49ers hold, which is to buy the club from Radrizzani before January 2024 for a sum, which we were told to be an agreed price of £475million,” said Hay (latest edition of the Phil Hay Show, 18:29-19:05, 11 November).

“When we wrote the article that number was disputed somewhat. So to be a little bit more vague you would say Leeds are valued in the region of half a billion. Which would seem around about right. That’s been on the table for over 12 months and is still there so the question is still when I think.”

Matter of time

After a period of calm on the ownership front, it now appears the 49ers have planning behind the scenes in order to finally acquire the club at the start of 2024. Radrizanni has clearly shown ambition and a desire for success at Elland Road, but when the 49ers finally take hold of the club, Leeds may well be able to compete in the top half of the Premier League more regularly.

It’s been a long time coming and has been a cloud hanging over Elland Road, but fans will now be glad to have some clarity over what the future has in store. A long process will still ensue, but news of the 49ers raising funds is the first steps in what will be their full takeover of the club.

What is crucial is that the upcoming takeover doesn’t impact on Leeds’ transfer plans under Radrizzani. The club must be looking to improve on what they have in each window, and that should not change for the remainder of the time he is in charge at Elland Road.

In other Leeds United news, Whites target Harrison Ashby rejects new West Ham United contract