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Times journalist: This is how much 49ers paid for extra 22% of Leeds, new club valuation
According to Times journalist Martyn Ziegler, the San Francisco 49ers paid £50m to Leeds United for the additional 22% stake in the club.
The news of extra investment in the club was announced on Monday morning and it means that the US giant now owns 37% of the club, up from 15%.
The news would mean that Leeds are now valued at just over £227m.
Andrea Radrizzani remains as chairman with 49ers executive Paraag Marathe becoming new vice-chairman.
New: Leeds United receive £50m investment from 49ers who take stake in club to 37%. Interview with Radrizzani and new vice chairman Paraag Marathe on @TimesSport at 12
— Martyn Ziegler (@martynziegler) January 25, 2021
Big money but…
Leeds United fans will be looking at the £50m sum and licking their lips.
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But, while Leeds are expected to invest in new players this summer, there’s no guarantee that this money will all be put into a transfer pot.
For starters, Leeds are planning investment in Elland Road, firstly in a brand new pitch and drainage system in the summer.
After that, there are plans to take the capacity of Elland Road up to 50,000.
You also have to add into the equation the money that Leeds have lost because of the Coronavirus pandemic.
The Athletic claims that this could amount to £40m.
What this does mean is that Leeds are in a much better financial position and it will make the ongoing COVID situation much easier to handle.
It also shows what a great job Radrizzani is doing at the helm of the club. He bought Leeds for around £45m in 2017.
Now, just four years later he’s increased the value of the club more than 5x.
In other Leeds United news, Leeds handed triple fitness boost ahead of clash v Newcastle – confirmed