American investors 49ers Enterprises have moved a step closer to completing their takeover of Leeds United. An initial agreement has been reached with majority shareholder and owner Andrea Radrizzani regarding the purchase of Leeds with the deal expected to see them take complete control of the club.
49ers Enterprises, the investment arm of NFL giants San Francisco 49ers, have been shareholders at Elland Road since making their initial investment in May 2018. That stake in the club has been gradually increased over the last few years to 44 per cent, with Radrizzani’s Aser Group owning the other 56 per cent.
They have now agreed a deal to complete a takeover, subject to EFL approval. It has been reported that 49ers Enterprises had a deal in place to buy Radrizzani out if Leeds were able to retain their spot in the Premier League.
