Report: Leeds set for massive £36m boost ahead of January transfer window
Leeds United owner Andrea Radrizzani is “on the verge” of selling another 15% of the club to the San Francisco 49ers, according to the Daily Mail.
They claim that the new deal values the club at £240m which means that Leeds are set to bank a massive £36m ahead of the January transfer window.
The 49ers already own 10% of the club and this deal would see them hold a 25% stake in the club.
The 49ers Paraag Marathe is on the Leeds board and he has said, “The sky is the limit for Leeds. This is not a club where we made it to the Premier League and we are barely trying to hang on by the laces of our shoes. No. This is a club which can become a big contender.”
Fantastic news – and it’s not just the money
“Negotiations are at an advanced stage” according to the Mail and that falls into line with everything else we’ve learned over the past couple of weeks.
We reported on a new ‘Leeds II’ fund that had been set up by the 49ers a couple of weeks ago.
That followed from their first investment that was purchased using a ‘Leeds I’ fund.
This week, Leeds chief Angus Kinnear all but confirmed that the 49ers would be buying another piece of the club when he talked about what their money would be spent on.
He said that investment on the pitch is essential but also talked about expanding Elland Road into a 60,000 capacity stadium.
The 49ers have just built the world-class Levi’s Stadium and will be able to offer fantastic expertise in that area.
It’s not just that, though. The 49ers are one of the sporting global powerhouses and their expertise across the board can help propel Leeds back to the very top of the pile.
It’s a very exciting development and, as MOT Leeds News columnist Paul Robinson has said, it’s a brilliant and perfect partnership for the club.
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