Andrea Radrizzani paves way for major Leeds United change with admission on investment and fans - YEP 27/12/22

-


Andrea Radrizzani has made an admission about the investment needed to take Leeds United to a higher level in outlining his respect for the club’s fans and the benefits of a change.

Lee Sobot

Radrizzani has been involved with Leeds for six years having initially bought a 50 per cent share of the club to become co-owner alongside Massimo Cellino in January 2017. Radrizzani then took full ownership of the club in May of the same year and the Italian remains United’s majority shareholder with his Aser Ventures group owning 56 per cent. American consortium 49ers Enterprises own the other 44 pent.

Radrizzani, though, has admitted that Leeds will need extra resources to push on and says it would only be right to allow other investors the opportunity to provide it. The 49rs have an option starting in January 2024 to become a majority shareholder.

Speaking in an interview with Italian publication Corriere della Sera, Radrizzani said: “Yes, perhaps Leeds can grow further, but in the future they will need more resources to be able to reach higher levels and compete with the best clubs in the Premier League. As a result, I believe that, due to the history of the club and the respect I have for their fans, it is right to let those who can invest more than me go forward, and bring them to the glory of the past. “There is also a design aspect: this is my sixth year, change is healthy. The football part: we are happy with Leeds, however we are evaluating other investments and the potential exit will be in 2024 together with the San Francisco 49ers, then we will consider strategic partnerships or IPOs, always with the aim of being the global digital destination for sports fans.”

Popular posts from this blog

The huge initial fee Leeds are set to receive for Crysencio Summerville’s move to West Ham — Leeds United News 31/7/24

-
Will Butcher West Ham United are closing in on a deal to sign Crysencio Summerville from Leeds United, and Ben Jacobs has shared how much Leeds will receive for the Dutchman. The 22-year-old has been strongly linked with the Elland Road exit door all summer and was targeted as the one big sale Leeds needed to make before the Profit & Sustainability Rules deadline this month. But instead, Leeds sold Archie Gray for £40m to Tottenham. Leeds have since sold five more players in the form of Diego Llorente, Marc Roca, Kris Klaesson and Charlie Cresswell – raking in around £60m in total. But more exits were always likely and Fabrizio Romano reported on Wednesday afternoon that West Ham had agreed personal terms with Summerville, and talks for a fee were ongoing with the Yorkshire side. Now, the story has moved on with multiple sources claiming a deal is done between Leeds and Angus Kinnear’s old club. The Dutchman is expected to sign a five-year at the London Stadium, until Jun...
Read more

Leeds United board break silence after transfer window with statement on upcoming Elland Road development — YEP 2/9/24

-
By Joe Donnohue Leeds United have confirmed supporters' commemorative stones at Elland Road's Centenary Square will be replaced free of charge in a bid to improve their longevity. Beginning next month, Leeds supporters' personalised stones will be replaced with exact replicas, courtesy of a new company, to ensure of a 'much better quality' installation. The work is expected to take around two months to complete. An official club statement confirmed 'three larger stones dedicated to former managers Don Revie, Howard Wilkinson and Marcelo Bielsa' will also be installed, 'similar to those located in Bremner Square', while additional space for supporters to purchase new stones has also been factored into the project. “The club have taken on board recent feedback from supporters on the stones at Centenary Square, and we are really happy that we can now announce that all of the stones will be replaced," chief executive Angus Kinnear confirmed,...
Read more

Leeds United transfer state of play as Whites knock back low bid and assert wing pair stance — YEP 3/7/24

-
By Graham Smyth Leeds United are not actively looking to cash in on Crysencio Summerville and Willy Gnonto and believe any further outgoing transfer business will be done on their terms. The Whites, who sold Archie Gray to Tottenham Hotspur on Tuesday for £40m, expect that there will be continued interest in wing pair Summerville and Gnonto as the summer transfer window progresses. Summerville has been a target for Premier League side Brighton and Hove Albion but their interest has not yet materialised into a bid. The Albion did, however, send a £30m proposal for Georginio Rutter, which Elland Road chiefs rejected. Rutter is not expected to try and force an exit this summer and appears settled at Leeds after a far more positive second season in English football. The sale of Gray has helped put Leeds into a position where they do not need to sell star players and can dictate any moves that do happen. Club sources say they are not actively looking to sell the likes of Summerville o...
Read more