Leeds United and San Francisco 49ers co-owners 'sell minority stake of 104-year-old EFL Championship club to Seattle Kraken investors' — Mail 20/11/23
49ers Enterprises bought out Andrea Radrizzani to fully take over Leeds United
Ackerley Partners, a private holding company, invests in
several Seattle sports
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By LEOCCIANO CALLAO
Leeds United FC owners, 49ers Enterprises, have sold a
minority stake of the 104-year-old club to Seattle Kraken investors, Chris and
Ted Ackerley.
Forty-Niners Enterprises, which also own the San
Francisco-based NFL team, sold part of Leeds to Ackerley Partners and are
considering another investor as the club pushes for a Premier League promotion.
According to a statement seen by Bloomberg, Ackerley
Partners made the transaction over the summer. The aim of the new partnership
is to provide strategic capital to expand Leeds' football and commercial
operations.
An unnamed source reported that another minority stake in
the club is up for grabs.
A spokesperson for the 49ers and Leeds United declined
further comment.
Ackerley Partners is a private holding company for the
Ackerley family who have long been role players in the Seattle sports market.
Chris and Ted Ackerley are listed as minority owners in the Kraken, who joined
the NHL in 2021. Their late mother, Ginger Ackerley, founded the Seattle Storm
and formerly owned the Supersonics franchise.
Ackerley Partners' part ownership means Leeds will benefit
from its investors' participation. Investing athletes include Cliff Avril,
James Dayson, David Forst, Cameron Hewes, Jed Kaplan, Alex Smith, Malcolm
Smith, and Brady Quinn.
Meanwhile, 49ers Enterprises is spearheaded by billionaire
businesswoman Denise DeBartolo York and her husband Jed York. Daughter of
former Pittsburgh Penguins owner, Edward DeBartolo, Denise became the head of
the 49ers in 1999.
49ers Enterprises bought a minority share of Leeds in 2018.
In June of 2023, the Yorks completed a full takeover of the club after buying
out Italian businessman Andrea Radrizzani.
Leeds is currently in third place in the UK's Championship
league. With the top two teams guaranteed promotion to the top flight, Leeds
will compete against the fourth, fifth and sixth team to punch their ticket.