Sky Sport Italy has reported that a “purchase proposal for Genoa has been formalised” with Leeds United owner Andrea Radrizzani named as a minority shareholder.

This is a story that’s been rumbling on for a long time.

Last May, Radrizzani moved to deny that he was in talks to buy the club [Il Secolo] while the Financial Times said the Italian club was a target for the Leeds owner.

The latest report from Sky Italia claims that the proposal has been put together by Gestio Capital, a London-based company headed up by Matteo Manfredi.

Aser Ventures, a Radrizzani company, is said to be involved in a minority shareholding capacity, along with a US fund.

The current owners of Genoa have denied the deal is about to take place but Sky says it’s expecting developments within days.

leeds united

Radrizzani, Inc

Some Leeds fans might be a bit alarmed at this but it’s a business deal that could actually benefit Leeds if it turns out to be true.

Having a ‘sister’ club could help both sides in terms of players and Radrizzani is reported to only have a minority interest in the deal

Radrizzani is a businessman and Leeds United are just one part of his empire.

Eleven Sports is another part of his holdings and with Leeds’ move into the Premier League, it’s likely that the Leeds owner would look to leverage some of the money to expand.

The San Francisco 49ers have been linked with more investment in Leeds and Radrizzani has been open about needing help to get the club where he wants them to be.

Fans might be concerned that other deals will take his focus away from Leeds but that’s not something we’re concerned about.

Radrizzani has run Leeds brilliantly so far and we’ve got faith that will continue as a jewel in the Premier League.

In other Leeds United news, ‘Largest commercial deal in club’s history’ – Leeds new front-of-shirt sponsor confirmed

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