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Leeds owner Radrizzani ‘appalling’ over reported Elland Road loan security deal
Leeds owner Radrizzani ‘appalling’ over reported Elland Road loan security deal
A Leeds fans’ group has accused chairman Andrea Radrizzani of “appalling” behaviour and demanded he immediately sells the club and Elland Road. Leeds United Supporters Club (LUSC) has responded to The Athletic’s report that majority shareholder Radrizzani had offered to use the Elland Road stadium as collateral when securing a £26million bank loan to buy Sampdoria. Radrizzani’s company Aser Group, in partnership with finance company Gestio Capital, concluded a takeover of the debt-ridden Italian club on Tuesday night. The 48-year-old signed off an agreement in principle to use Elland Road as collateral in order to borrow the funds needed from Italian bank Banca Sistema to complete the deal, it was reported. The Athletic said it was not known whether Elland Road was included in the final deal, or if Radrizzani’s company and partner Gestio Capital were able to secure the loan via a different method. LUSC chairman Lord Mann said in a statement: “Andrea Radrizzani is no longer an appropriate person to own Leeds United. “His behaviour is appalling and he risks never being welcome at our club again.” There will be a major question mark about whether he (Radrizzani) is a fit and proper person to own a football club if he attempts to stay on as owner Leeds United Supporters Trust It had been expected that Radrizzani’s buy-out at Sampdoria would expedite the sale of his 56 per cent stake in Leeds to American co-owners 49ers Enterprises. The financial arm of NFL franchise the San Francisco 49ers increased its stake in Leeds to 44 per cent at the end of 2021 with a deal in place to buy Radrizzani’s stake and take full control before January 2024. But in a personal statement posted on Twitter on Wednesday night, Radrizzani made no mention of a possible change of ownership at Leeds when apologising to fans for their relegation from the Premier League. Lord Mann added: “The sooner he goes the better and we look forward to the 49ers Enterprises’ offer being accepted. “The only way he can begin to salvage his reputation is through an immediate sale of the club and the stadium. “There will be a major question mark about whether he is a fit and proper person to own a football club if he attempts to stay on as owner.” It was also reported that co-owners 49ers Enterprises and Leeds chief executive Angus Kinnear were unaware of Radrizzani’s proposal to use Elland Road as security on his loan. Leeds have not owned their stadium since 2004. After Radrizzani completed his full takeover of the club in 2017, he bought it back and it is currently owned by Elland Road Ltd, of which the Italian is a director. Leeds refused to comment when approached by the PA news agency, while others fans’ groups, including Leeds United Supporters Trust, said they were seeking clarification from the club. National fans group, the Football Supporters Association, said on Twitter that “these are concerning times” for Leeds supporters and added it was further evidence that the Premier League “needed independent regulation”. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Almost perfect start to big summer – Stuart Broad hails dominant England display Russian teenager Mirra Andreeva dreams of ‘winning 25 grand slam titles’ Broad brilliance and a statuesque striker – Thursday’s sporting social
2023-06-02 04:27
Joe Biden Fell Down on Stage at US Air Force Graduation
Joe Biden Fell Down on Stage at US Air Force Graduation
VIDEO: Joe Biden falls down on stage at Air Force graduation.
2023-06-02 03:56
Churchill Downs announces new safety measures after series of horse deaths
Churchill Downs announces new safety measures after series of horse deaths
Churchill Downs, host of the famed Triple Crown horse race the Kentucky Derby, announced new safety initiatives as an ongoing investigation continues into a series of horse deaths at the track.
2023-06-02 03:52
Boeing signs alternative fuel deal with Los Angeles startup to cut carbon footprint
Boeing signs alternative fuel deal with Los Angeles startup to cut carbon footprint
A Los Angeles startup that is designing facilities to remove carbon dioxide from the ocean says it has struck a pre-purchase agreement with Boeing
2023-06-02 03:49
Aces vs. Dream prediction and odds for Friday, June 2 (Vegas is must bet)
Aces vs. Dream prediction and odds for Friday, June 2 (Vegas is must bet)
Through four games of the 2023 WNBA season, I think it’s fair to ask this question:Are the Las Vegas Aces the greatest team ever assembled?Las Vegas has wins by 41, 9, 28 and 21 to start the season, posting an absurd net rating of 28.7.To put this in perspective, the second-best ne...
2023-06-02 03:26
Liberty vs. Sky prediction and odds for WNBA Commissioner's Cup
Liberty vs. Sky prediction and odds for WNBA Commissioner's Cup
The New York Liberty have won three straight games since losing their season opener, and they’re starting to gel with the core of Breanna Stewart, Sabrina Ionescu and Jonquel Jones.New York is going to be one of the league’s best teams this season, but it finds itself heavily favored...
2023-06-02 03:19
Wings vs. Mystics prediction and odds for Friday, June 2 (Can Dallas stay hot?)
Wings vs. Mystics prediction and odds for Friday, June 2 (Can Dallas stay hot?)
Two of the WNBA best players square off on Friday evening with Elena Della Donne and the Washington Mystics hosting Arike Ogunbowale and the Dallas Wings.Della Donne is off to a great start, averaging 21.0 points per game while shooting 58.3 percent from 3 in four games, but the Mystics have str...
2023-06-02 03:18
Tennis: Sabalenka, Djokovic hoping to steer clear of controversy
Tennis: Sabalenka, Djokovic hoping to steer clear of controversy
By Aadi Nair With Aryna Sabalenka and Novak Djokovic in action on Friday, day six of the French
2023-06-02 03:17
AJ Minter surprised at Braves success despite ‘bad’ play
AJ Minter surprised at Braves success despite ‘bad’ play
AJ Minter has struggled for the Braves at times but, as the team has also been stumbling, even the reliever is surprised the team is still succeeding.On the one hand, the Atlanta Braves can feel comfortable entering the month of June knowing that the club has a four-game lead over the Mets and M...
2023-06-02 02:54
Jets' Breece Hall working way back after knee injury cut short promising rookie season
Jets' Breece Hall working way back after knee injury cut short promising rookie season
Breece Hall still believes he would have been the AP Offensive Rookie of the Year last season if he had been healthy
2023-06-02 02:51
LAFC's Steve Cherundolo credits Club Leon for disappointing 2-1 defeat
LAFC's Steve Cherundolo credits Club Leon for disappointing 2-1 defeat
LAFC go into the second fixture of the CCL final with a chance to lift the trophy if they win by two goals.
2023-06-02 02:46
East West Bank Sponsors Top Ranked Golfer Rose Zhang As She Turns Pro
East West Bank Sponsors Top Ranked Golfer Rose Zhang As She Turns Pro
PASADENA, Calif.--(BUSINESS WIRE)--Jun 1, 2023--
2023-06-02 01:57
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