Kieran Maguire: Radrizzani unable to fund Elland Road expansion as Leeds aim to grow - MOT Leeds News 11/11/21
Craig Scott
Andrea Radrizzani is unlikely to be able to fund the
expansion of Elland Road and needs the help of Leeds United shareholder Paraag
Marathe, according to Kieran Maguire.
Last week, the San Francisco 49ers increased their stake in
Leeds to 44 per cent.
Football finance expert Maguire believes that the NFL
franchise feel as though Leeds are not making the most of their commercial
potential and they may also be able to help out with plans to expand Elland
Road to be a 60,000-seater stadium.
“Radrizzani, the majority Leeds shareowner, he’s not given
any indication that he is planning to sell the club to the 49ers at a later
date but certainly they are in a very strong position should he choose to do
so,” said Maguire on the Price of Football podcast.
“Leeds have spoken about expanding Elland Road to
50,000-60,000 capacity – that is going to cost money.
“I don’t think Radrizzani has those resources himself
whereas the 49ers are more likely to be able to tap into American markets for
that so you can see the logic of what they’ve done.
“They feel that Leeds, as a club, are not generating enough
commercial income given the size of the club and the potential of the club.”
It’s hard to believe that Leeds could do more in terms of
the commercial side of the business.
After we won promotion back to the Premier League, you would
assume that there would have been a massive financial boom in that sector.
However, the impact of COVID-19 and potentially Radrizzani’s
lack of expertise in that area could have come into play.
If the 49ers feel as though they can do better then so be it
and we welcome their involvement to try and generate more income at Elland
Road.
If the stadium is going to be expanded, then considerable
money is going to be needed to go into the club.
Will Radrizzani end up giving over his majority ownership to
the 49ers? It’s likely, based on the way Marathe has slowly increased his stake
at the Yorkshire outfit.
We just hope that if that does happen, the Italian stays on
the board and has some say in what happens.
