LONDON – Leeds United owner Andrea Radrizzani has reached an agreement to sell his stake in the club to 49ers Enterprises, the second-tier English side said on Friday.
49ers Enterprises, the investment arm of the National Football League (NFL) franchise San Francisco 49ers, have been a shareholder at Leeds, recently relegated from the English Premier League, since their initial investment in May 2018.
Over the last few years, their stake increased to 44 per cent, while Radrizzani’s Aser Ventures owned the remaining 56 per cent. Leeds said that a purchase had now been agreed.
“Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club,” said a statement.
“Both parties continue to work through the details, and further updates will be provided soon. All of our focus remains on a quick return to the Premier League. Thank you for your continued support. Marching on Together.”
In late May, Radrizzani and his partner Matteo Manfredi made a purchase of the relegated Serie A club Sampdoria.
Leeds were relegated from the top flight in the recently concluded season after a roller-coaster campaign under four different managers. They finished second from bottom in the standings on 31 points. REUTERS