Leeds United: 49ers Enterprises complete takeover from Andrea Radrizzani | Football News

Leeds have announced the EFL has approved the sale of the club to American investment group 49ers Enterprises.

Andrea Radrizzani, chairman and majority shareholder since 2017, agreed to sell his controlling stake last month, with the deal valuing the club at around £170m.

49ers Enterprises, which owns NFL franchise the San Francisco 49ers, has steadily increased its stake in Leeds since becoming a minority shareholder in 2018.

Paraag Marathe, previously vice chairman, will take over as chairman. Chief executive Angus Kinnear will remain in his current position and Rudy Cline-Thomas, founder and managing partner of venture capital firm MASTRY, will join the board as co-owner and vice chairman.

More to follow…

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