Andrea Radrizzani reportedly risks losing out on £270 million if Leeds United are relegated from the Premier League at the end of the season.
NFL franchise San Francisco 49ers currently own 44 percent of the club, and have an option to take overall control at Elland Road in a deal which is said to be valued at £420 million and expires in January next year.
According to the Daily Mail, The 49ers Enterprises would still be interested in completing the takeover even if Leeds are playing in the Championship next season.