Andrea Radrizzani agrees to sell £170m stake in Leeds United to San Francisco 49ers' investment arm

Andrea Radrizzani has agreed to sell his stake in Leeds United to co-owners 49ers Enterprises in a deal worth £170 million. The 49ers Enterprises are the investment arm of the San Francisco 49ers, and have seen their stake in Leeds increase from 15% to 44% between 2018 and 2021.

Ad Since purchasing Leeds for a fee of £45 million in 2017, Radrizzani’s stake has dropped to 56%. Premier LeagueAllardyce departs Leeds following Premier League relegation — 'It's been an honour'02/06/2023 AT 08:25 The Telegraph reports there were talks for the 49ers to make a full takeover of the club in a deal worth £400 million, but this valuation dropped to £170 million following their relegation to the Championship.

Leeds said in a club statement: «Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club. »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." Arsenal fall short of Chelsea valuation for wantaway Havertz — Paper Round 'It's a little bit unfair…' — Pep admits he must win Champions League to cement legacy Haaland points to 'unreal' Pep as reason for City move, cites Ronaldo inspiration Radrizzani has angered sections of the Leeds fanbase during his time in charge, and the Italian's departure was welcomed by The Leeds United Supporters Club. They said in a statement published by the BBC: «His behaviour is appalling and he risks never being welcome at our club again.

The sooner he goes the better and we look forward to the 49ers Enterprises offer being accepted. The only way he can begin to salvage his reputation is through an immediate sale of the club