Leeds United proprietor Andrea Radrizzani has reached an settlement to promote his stake within the membership to 49ers Enterprises, the second-tier English facet stated Friday.
49ers Enterprises, the funding arm of the NFL’s San Francisco 49ers, has been a shareholder at Leeds, just lately relegated from the Premier League, since its preliminary funding in Might 2018.
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Over the previous few years, its stake elevated to 44%, whereas Radrizzani’s Aser Ventures owned the remaining 56%. Leeds stated that a purchase order has now been agreed.
“Each events proceed to work via the small print, and additional updates can be supplied quickly,” they stated in an announcement.
Earlier this season, Radrizzani and companion Matteo Manfredi made a purchase order of the relegated Serie A membership Sampdoria.
Leeds had been relegated from England’s high tier after a roller-coaster season underneath 4 completely different managers. They completed second from backside within the standings on 31 factors and can now compete within the EFL Championship subsequent season.
“All of our focus stays on a fast return to the Premier League,” the assertion added.
