Phil Hay says San Francisco 49ers Enterprises are expecting to receive EFL approval of their takeover of Leeds United in the next two or three weeks.
Hay was speaking on the latest episode of The Square Ball Podcast, where he explained how 49ers are not anticipating any problems in getting approval for the people involved in the buyout.
Leeds officially announced that a deal had been agreed between 49ers and Aser Ventures for a full takeover of the club seven days ago.
This saw 49ers purchase the remaining 56% of the Whites after previously owning a minority stake of 44%, ending Andrea Radrizzani’s chaotic term as chairman.
49ers have already been hard at work implementing their ideas in what will be a busy summer, appointing Nick Hammond as an interim football advisor to oversee the summer transfer window.
Hay says when 49ers to receive approval
Hay provided an update on the state of play regarding the next step of the takeover, claiming the club is hopeful it will arrive in the coming weeks.
He said: “You have the main players in this and Paraag Marathe at the very top who will become chairman and manage all the day-to-day operations.
“That’s where they are, all being well EFL approval will come back in the next two or three weeks I would’ve thought, I don’t think there will be any great issue in approving the people that are involved.
“Marathe has already been through the process, Peter Lowy was approved on the board at Leeds when they were in the Premier League.”
With some of the main investors already having gone through the process, there is no doubt 49ers are currently running the club even before official EFL ratification.
So far, it appears as though they know what they are doing, but equally, they cannot afford the process of appointing a new manager to drag on beyond next week, as plenty of work also needs doing on the playing squad.
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