MOT View: Radrizzani should think twice on takeover after concerning £600m+ report
Leeds United owner Andrea Radrizzani has made it no secret that he would like to build an empire of football clubs in Europe.
The Times reported this week that the Italian is considering a move for Spanish club Valencia, who are currently in financial trouble.
Radrizzani is close friends with Peter Lim, the owner of Valencia, and that could give him an advantage in negotiations.
Marca have shared a further update, and it doesn’t make for good reading for Radrizzani.
The Spanish outlet has claimed that Valencia are currently £453million in debt – something that makes this far from an attractive proposition.
Add to that the fact that it is suggested that Lim would want to recover the £177million he has invested in Valencia, and that takes the total cost to over £600million.
Concerningly, the same report suggests that Radrizzani has contacted Lim over opening discussions on the potential takeover.
If it isn’t clear, Radrizzani should definitely think twice before taking on this new challenge.
Yes, it would be smart to welcome other clubs into his empire, but that should only happen if they are sustainable and not crippled with debt – something which see Leeds’ funding shrink at the same time.
Radrizzani has signed some smart deals in his time at Leeds, including the partnership with the San Francisco 49ers, but this would certainly be the wrong move.
The Italian purchased Leeds for only £45million in 2017, and financial expert Kieran Maguire exclusively told MOT Leeds News that the club would now be worth up to £300million after promotion.
That’s a smart investment, spending nearly £200million on a club riddled with debt would be the complete opposite and he should look elsewhere.
In other Leeds United news, Italian outlet shares an interesting update on Victor Orta
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