Andrea Radrizzani's Sampdoria takeover is being held up by banks and agents, according to a report in Italy. Radrizzani is in the process of selling his majority stake in Leeds United to San Francisco 49ers Enterprises, and buying Sampdoria instead.
But Italian outlet Tuttosport says the deal which would see Radrizzani and Matteo Manfredi take charge at Sampdoria is far from complete. The sticking point is finance, and specifically the debt restructuring that will be required.
The original proposal would reportedly see some creditors receive up to 70 per cent of what they are owed, but others - agents in particular - receive less than 50 per cent and with those payments made over a three-year period. That has led banks and agents who are owed money to hold out for a better deal.
READ MORE: Steven Gerrard would have 'point to prove' at Leeds United and learnt lessons from Aston Villa
There is also a time factor at play, with Sampdoria having until June 20 to register in order to take part in next season's Serie B. The overall figure for the debt restructure is thought to have dropped from 150m Euros to between 80m and 90m Euros.
The report says that an improved offer to the agents in excess of the 50 per cent of the monies they are owed could remove the stumbling block and see the takeover advance.
