iNews report that a £500million takeover of Leeds United by American consortium 49ers Enterprises is expected to go through on July 1 – but only if the Whites remain in the Premier League come the end of the current campaign.
The 49ers currently boast a 44% stake in the club, with Andrea Radrizzani retaining a 56% – a small majority. But, the belief has always been that the 49ers would continue to increase their stake before eventually buying Leeds outright.
However, there is an issue and it is the club’s position in the Premier League. Leeds sit narrowly above the relegation zone. Jesse Marsch’s spell has come to an end and we are in real danger of losing their place in England’s top tier.
Of course, as things stand, we would avoid the drop but there is nothing in it. All three clubs in the relegation zone sit on 21 points, and Leeds are only one point ahead. iNews report that any proposed takeover could halt, if relegated.
But, the report states that a £500million takeover of Leeds will go through on July 1 if the club remain in the Premier League. A takeover could still happen if we go down. But a new price will have to be negotiated between the parties.
£500million takeover of Leeds by 49ers expected to go through on July 1
It is good news for Leeds and the club’s fans. Of course, Radrizzani has been criticised at times. But he has taken the club from mid-table obscurity in the Championship – and with Victor Orta and Angus Kinnear – back to the big time.
Leeds need to kick on with new, larger investment if they are to establish themselves in the Premier League. To take the club back to where it belongs, in European football. But, relegation is a big concern and it could derail the club’s future.