Leeds United chairman makes Red Bull summer transfer window prediction as lucrative partnership value revealed — YEP 5/6/24
By Joe Donnohue
Leeds United chairman Paraag Marathe believes the value of
the club's new partnership with soft drinks giant Red Bull could be 'the
difference' between keeping a sought-after player and being forced into a sale.
Marathe held court with The Athletic following Leeds'
play-off final defeat by Southampton, discussing at length the particular
details of United's new partnership with Red Bull.
Leeds have signed a front-of-shirt sponsorship agreement
with the company, whilst also agreeing to a minority stake acquisition in the
club by the energy drink conglomerate.
While chairman Marathe was reluctant to disclose the
specific figures regarding Red Bull's investment, he did state their position
was a 'significant minority stake' in the club, which could mean anything below
50 per cent. However, it is almost certain Red Bull's stake in Leeds is much
lower given Marathe's admission that some investors have invested a greater
percentage for a larger chunk of the club.
This summer, Leeds will enter the transfer market with one
goal in mind: building a squad capable of winning promotion back to the Premier
League. While their 90-point haul last season would have been enough to see
them promoted automatically in each of the last 25 seasons, the performance of
Leicester City and Ipswich Town meant the Whites were consigned to the
play-offs, which subsequently ended in defeat at Wembley Stadium.
Despite the obvious disappointment and financial
implications of missing out on top flight riches this time around, Leeds
believe they are in a solid enough position, in an accounting sense, to
challenge at the top of the table yet again this coming season. Marathe himself
predicts that Red Bull's investment, in addition to the funds that will be made
available by 49ers Enterprises and their consortium, could make a difference in
Leeds' summer transfer activity.
The 49ers' chief also stated that while he would not place a
monetary value on Red Bull's sponsorship and minority stake, their investment
in Leeds is 'significant' and among one of the most lucrative deals in EFL
history.
"We wouldn’t have done this deal if it wasn’t
significant for us," Marathe told The Athletic. "It could be the
difference between saving a player from being sold or signing a player."
The chairman also took time to reassure supporters that
changes to Leeds' colours, badge and stadium would not be up for discussion
given Red Bull's history when marketing clubs they have a significant stake in.
Equally, there is no agreement for Red Bull to take up a larger investment
position in the club at this time, unlike the 49ers whose majority ownership
ambitions were made clear at the beginning of their investment journey with
previous Elland Road custodian Andrea Radrizzani.