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Radrizzani agrees to sell club to 49ers

A file photo of Andrea Radrizzani Photo: Planet sports

Andrea Radrizzani, chairman of Leeds United, has agreed to sell his stake in the club to co-owners 49ers Enterprises for £170 million.

The San Francisco 49ers’ investment arm purchased a 15% stake in Leeds in 2018 and increased it to 44% in 2021.
Radrizzani, an Italian, bought Leeds entirely for £45 million in 2017, although his stake has now plummeted to 56%.

Leeds United were relegated from the Premier League on the final day of the season and are now preparing for the Championship.

The previous agreement, which depended on their top-flight survival, was worth about £400m – but negotiations restarted following their drop to the second tier.

After relegation was confirmed, the Leeds United Supporters Club released a statement saying Radrizzani was “no longer an appropriate person to own Leeds United”.

Radrizzani was popular with Leeds fans initially, with manager Marcelo Bielsa taking them back into the Premier League.