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 Friday.
49ers Enterprises, the investment arm of the NFL's San Francisco 49ers, has been a shareholder at Leeds, recently relegated from the Premier League, since its initial investment in May 2018. — Stream on ESPN+: LaLiga, Bundesliga, more (U.S.) Over the past few years, its stake increased to 44%, while Radrizzani's Aser Ventures owned the remaining 56%.
Leeds said that a purchase has now been agreed. «Both parties continue to work through the details, and further updates will be provided soon,» they said in a statement.
Earlier this season, Radrizzani and partner Matteo Manfredi made a purchase of the relegated Serie A club Sampdoria. Leeds were relegated from England's top tier after a roller-coaster season under four different managers.