Leeds United owner Andrea Radrizzani must come to terms with the startling impact Premier League relegation has had on the club’s overall value. The Whites were said to be valued at a figure close to £450m earlier this year while they were competing in the top flight, but football finance expert Kieran Maguire believes that number may have fallen by approximately £300m after dropping into the Championship.
He believes Leeds, in its current guise as a second tier outfit, may only be worth as little as £150m on the open market and that complicates the matter of a proposed takeover from 49ers Enterprises considerably this summer. Minority shareholders 49ers Enterprises currently own 44 per cent of the Whites and there have been suggestions of an agreement in place to complete a full takeover at Elland Road over the summer should Leeds stay up.
However, their relegation to the Championship, which was confirmed on Sunday with a 4-1 loss to Tottenham, means if Radrizzani was to sell this summer, he would probably have to do so at a fraction of the price. Leeds will be worth more than most clubs outside the top flight given their assets and the addition of parachute payments from the Premier League for the next three seasons.
