Popular Leagues

Other Leagues

Leeds United takeover: Andrea Radrizzani drops a huge hint about the sale as preferred new owners emerge.

After acknowledging that Leeds United needs further money to recapture their former glory, Andrea Radrizzani has given the strongest indication yet that he is prepared to sell his majority position in the organization.
Christian Steward
By: Christian Steward
Twitter Christian Steward Facebook Christian Steward Linkedin Christian Steward Telegram Christian Steward
leeds-united-takeover-andrea-radrizzani-drops-a-huge-hint-about-the-sale-as-preferred-new-owners-emerge

In the summer of 2017, the Italian billionaire fully acquired Elland Road after purchasing out Massimo Cellino. Leeds is now playing in its third season in the top division under his leadership after securing promotion back to the Premier League.

Under Marcelo Bielsa, the team finished ninth in their first season back in the top flight, which was secured after 16 fruitless seasons away. But when the Whites fell into the relegation zone in their second season, Bielsa was sacked as his strategies swiftly backfired.

Jesse Marsch was introduced as a replacement, and he was successful in saving Leeds from the bottom spot—but only after some drama against Brentford on the penultimate day.

Leeds, though, find themselves in a same situation this time around after sailing so close to the relegation wind the last time out. Following Wolves' 2-1 victory at Everton, they are currently in 15th place and are only two points above the relegation zone.As a result, the team appears to be headed for yet another difficult struggle for survival before the season is out. It is obvious that more funding is required to advance Leeds if they are to remain in the league.

49ers Enterprises now owns a portion of the team; in summer 2021, it will raise that ownership to 44%.

They will allegedly take over as the company's primary stockholders in the summer of 2021, with Radrizzani prepared to give up his controlling interest.

Radrizzani hints at Leeds United sale

Radrizzani made headlines earlier this year when he sold his media business, Eleven Sports, to DAZN.

The Leeds chairman so made substantial returns on his initial investment.

But if he wants to profit from his full ownership of Leeds, more money may be on the way very soon.

For the first time, Radrizzani has said he has exhausted his options for the Yorkshire side. Additionally, he thinks that additional investment is necessary if the 2001 Champions League semifinalist team hopes to recapture its former glory.

 “I want to operate as a private equity in sport. Yes, perhaps Leeds can grow further, but in the future, they will need more resources to be able to reach higher levels and compete with the best clubs in the Premier League,” he told il Corriere della Sera.

 “As a result I believe that, due to the history of the club and the respect I have for the fans, it is right to let those who can invest more than me go forward, and bring them to the glory of the past. There is also a design aspect: this is my sixth year, change is healthy,” he added.

Radrizzani could look to buy Italian club

Salernitana, a Serie A team, rejected Radrizzani's prior effort to invest in it. Despite the fact that they now have new owners, Radrizzani is still seeking elsewhere.

He also spoke candidly about Leeds' collaboration with 49ers Enterprises.

 “More than you think. We made an offer for Salernitana, but we never received a response. However, I’m happy for the fans, now they have a very good owner, Danilo Iervolino. He is a serious entrepreneur who is doing well with excellent results,” Radrizzani said.

“Now let’s look around. We are considering investment opportunities in some Italian teams with the 49ers and other important partners. As partners in Leeds with the 49ers we have reached the end of the cycle. We have shown that we know how to create value.

“Now a new phase is opening with new targets. This is accompanied by the interest of family businesses and private equity who want to invest with us.”

Leeds spent just shy of £100m over the summer. Indeed, the likes of Tyler Adams, Luis Sinisterra and Brenden Aaronson all arrived for sizeable fees.

Christian Steward
Written by: Christian Steward
Christian Steward is an Exclusive Reporter for Betimate with over 10 years of experience in conducting reseach and analyzing data in order to provide approriate statistics for Betimate's Board of Experts.

Related Content

Manchester United’s stories surrounding the win in quarterfinals of EFL Cup
Manchester United’s stories surrounding the win in quarterfinals of EFL Cup
Manchester United’s outstanding victory when confronting Charlton in the quarterfinal of EFL Cup not only helped United to have the ticket to go to the next round but also pointed out many stories around this club.
Skiter believes IceFrog would return for the upcoming patch
Skiter believes IceFrog would return for the upcoming patch
In 2023, IceFrog will return to working on Dota 2, although many fans might not even be aware that he ever left.
Fulham vs Chelsea final score, result (Premier League): nightmare debut for Felix
Fulham vs Chelsea final score, result (Premier League): nightmare debut for Felix
Fulham vs Chelsea final score, result (Round 7 Premier League ): Playing with a lack of people when Joao Felix was disqualified, coach Graham Potter's army had to receive a 1-2 defeat at home, thereby prolonging a series of crisis days.
Liverpool expanded their shortlist by adding a new name.
Liverpool expanded their shortlist by adding a new name.
Mikel Merino of Real Sociedad has been added by Liverpool to their shortlist for the midfield position.
Man City vs Wolves final score, result (EPL): Haaland hat-trick
Man City vs Wolves final score, result (EPL): Haaland hat-trick
Manchester City won easily against a Wolves team that provided very little until the game was practically finished.
Premier League
Overall table PTS GP W D L GF GA +/-
1 Arsenal 50 19 16 2 1 45 16 29
2 Man City 45 20 14 3 3 53 20 33
3 Newcastle 39 20 10 9 1 33 11 22
4 Man Utd 39 20 12 3 5 32 25 7
5 Tottenham 36 21 11 3 7 40 31 9
6 Brighton 31 19 9 4 6 37 27 10
7 Fulham 31 21 9 4 8 32 30 2
8 Brentford 30 20 7 9 4 32 28 4
9 Liverpool 29 19 8 5 6 34 25 9
10 Chelsea 29 20 8 5 7 22 21 1
11 Aston Villa 28 20 8 4 8 23 27 -4
12 Crystal Palace 24 20 6 6 8 18 27 -9
13 Nottm Forest 21 20 5 6 9 16 35 -19
14 Leicester 18 20 5 3 12 28 35 -7
15 Leeds 18 19 4 6 9 26 33 -7
16 West Ham 18 20 5 3 12 17 25 -8
17 Wolverhampton 17 20 4 5 11 12 30 -18
18 Bournemouth 17 20 4 5 11 19 42 -23
19 Everton 15 20 3 6 11 15 28 -13
20 Southampton 15 20 4 3 13 17 35 -18