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Leeds Live
Leeds Live
Sport
Joe Mewis

Leeds United's statement in full as 49ers Enterprises agree takeover deal

Leeds United are at the dawn of a new era, after the club confirmed on Friday evening that 49ers Enterprises have agreed a deal to purchase the team from Andrea Radrizzani's Acer Ventures.

This agreement sees what has been a protracted takeover come to an end, after Leeds' relegation from the Premier League last month put paid to an initial agreement between the two parties that was originally drawn up with the Whites valued as a top flight side.

That meant that Radrizzani and 49ers Enterprises had to head back to the negotiation table and thrash out a new deal that was based on the reduced finances that a Championship side has to operate on, but 12 days after the season ended, a deal has been agreed upon.

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