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Andrea Radrizzani agrees to sell controlling Leeds stake to 49ers Enterprises
Andrea Radrizzani agrees to sell controlling Leeds stake to 49ers Enterprises
Leeds chairman Andrea Radrizzani has agreed a deal to sell his controlling stake in the club to co-owners 49ers Enterprises. As a result the American investment group, owner of NFL franchise the San Francisco 49ers and a minority shareholder in Leeds since 2018, will take full ownership. “Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club,” said a statement. “Both parties continue to work through the details, and further updates will be provided soon. “All of our focus remains on a quick return to the Premier League.” 49ers Enterprises increased its stake in Leeds to 44 per cent in 2021 with the option of buying Radrizzani’s remaining 56 per cent before January 2024. The Americans had been keen to push through a full takeover this summer, but that agreement, which had valued Leeds at around £400million, was contingent on the club remaining in the Premier League. Leeds’ relegation last month forced both parties back into intense negotiations and a valuation of close to £170m has been agreed. The deal marks the end of Radrizzani’s six-year ownership of Leeds. He completed a full takeover from fellow Italian Massimo Cellino in 2017 and initially proved hugely popular. Radrizzani bought back Elland Road stadium, which had been in private ownership since 2004, and brought in fresh investment when 49ers Enterprises purchased its first 10 per cent stake in 2018. The appointment of Marcelo Bielsa soon after proved a masterstroke as Leeds won promotion back to the Premier League for the first time in 16 years. 49ers Enterprises has steadily increased its stake, while Radrizzani’s relationship with the Leeds fanbase began to sour when Bielsa was sacked in February 2022. Leeds escaped relegation on the final day of the 2021-22 season under Bielsa’s successor Jesse Marsch and Radrizzani promised that the club would not be involved in another survival fight. But results this past season failed to improve and after Marsch was sacked in February, his replacement Javi Gracia and then Sam Allardyce, appointed with four games remaining, failed to halt the slide. When relegation was confirmed with a final-day defeat to Tottenham, Radrizzani was absent from Elland Road, opting instead to remain in Italy to finalise his takeover of Sampdoria. He later admitted Leeds’ board had made mistakes and apologised for the club’s relegation in a personal statement posted on social media. But after it emerged he had offered to use Elland Road as collateral when securing a £26m bank loan to buy Sampdoria – one of his companies and not Leeds owned the stadium – his legacy was further tainted. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Keely Hodgkinson sets new British record at Paris Diamond League Andy Murray targets the next step after reaching Surbiton semi-finals again French Open day 13: Djokovic reaches final as Alcaraz struggles with cramp
2023-06-10 05:27
Phillies activate LH reliever Jose Alvarado from injured list
Phillies activate LH reliever Jose Alvarado from injured list
The Philadelphia Phillies activated left-handed reliever José Alvarado from the injured list piror to Friday night’s game against the Los Angeles Dodgers
2023-06-10 05:25
MLB homer leader Pete Alonso to IL with bone bruise, sprain in wrist
MLB homer leader Pete Alonso to IL with bone bruise, sprain in wrist
New York Mets star first baseman Pete Alonso will miss 3-to-4 weeks with a bone bruise and sprain in his left wrist
2023-06-10 05:16
Dermody cut by Red Sox after making debut, regretting tweet
Dermody cut by Red Sox after making debut, regretting tweet
Pitcher Matt Dermody was cut by the Boston Red Sox, a day after he made his first major league start and said he regretted making a homophobic tweet two years ago
2023-06-10 04:57
Jets' Zach Wilson putting struggles behind, embracing chance to learn from Aaron Rodgers
Jets' Zach Wilson putting struggles behind, embracing chance to learn from Aaron Rodgers
Zach Wilson never expected to be here at this point in his NFL career
2023-06-10 04:53
Storm caps eighth-inning rally, Duke beats Virginia 5-4 in super regional opener
Storm caps eighth-inning rally, Duke beats Virginia 5-4 in super regional opener
Damon Lux hit a two-run home run, Luke Storm drove in the go-ahead run with an eighth-inning single, and Duke defeated Virginia 5-4 in the opening game of the Charlottesville Super Regional
2023-06-10 04:29
Titans hire Sarah Bailey from Rams as new director of research, development
Titans hire Sarah Bailey from Rams as new director of research, development
The Tennessee Titans hired Sarah Bailey as their new director of football research and development
2023-06-10 04:22
Tokyo wrestling gold medalist Gable Steveson balancing 2024 Olympic hopes with WWE training
Tokyo wrestling gold medalist Gable Steveson balancing 2024 Olympic hopes with WWE training
Olympic gold medalist Gable Steveson had retired from amateur wrestling and was focused on becoming a World Wrestling Entertainment superstar
2023-06-10 04:21
A list of the Florida Panthers' dramatic moments in recent weeks
A list of the Florida Panthers' dramatic moments in recent weeks
Florida is now 7-0 in overtime in these playoffs after Carter Verhaeghe scored to end OT in Game 3 of the Stanley Cup Final on Thursday night
2023-06-10 04:18
Panthers are finding overtime to be the right time in Stanley Cup playoffs
Panthers are finding overtime to be the right time in Stanley Cup playoffs
The Florida Panthers all like to argue before overtime on who's going to score the winning goal
2023-06-10 03:54
In finally competitive Stanley Cup Final, Vegas may still have edge on Florida
In finally competitive Stanley Cup Final, Vegas may still have edge on Florida
The Stanley Cup Final finally looks like a competitive series
2023-06-10 03:29
Kevin De Bruyne and Pep Guardiola: Champions League is City dream and obsession
Kevin De Bruyne and Pep Guardiola: Champions League is City dream and obsession
Pep Guardiola and Kevin De Bruyne admit winning the Champions League has become both a dream and an obsession for Manchester City. City stand on the brink of glory as they prepare to face Inter Milan in the final in Istanbul on Saturday. Guardiola’s side are strong favourites for a game that could not only see them crowned European champions for the first time but complete the treble. The Premier League winners are hoping to put years of frustration behind them after several near misses in their pursuit of the prize they covet most. De Bruyne gave his feelings on the matter when he was asked if victory was a “dream” or an “obsession” as City held a pre-match press conference at the Ataturk Olympic Stadium on Friday. “Maybe both, it depends who you ask,” said the Belgium playmaker. “Every professional player wants to win the Champions League and be on top. “If you can win the Champions League, you’ve reached one of the biggest things you can.” “To compete every year is amazing, and I’ve been able to compete against the best, but we’ve got a chance to close that if we are good enough.” City have reached the knockout stages of the tournament in each of Guardiola’s seven seasons as manager but they are yet to fulfil their ambition. Their runners-up finish two seasons ago, when they were beaten by Chelsea in the final, is the closest they have come. Guardiola, who won the competition twice as Barcelona boss, said: “It’s absolutely a dream, yes. “To achieve things you always have to have the correct proportion of obsession and desire. “It’s a positive word for the desire and will to win it. It is of course a dream for us.” City’s outstanding season has been fuelled by the goalscoring of Erling Haaland. The prolific Norwegian has netted 52 goals in an outstanding first campaign at the Etihad Stadium. Haaland admitted this week has was brought to City to win the Champions League and Guardiola – whose two previous successes came in tandem with Lionel Messi at Barcelona – hopes he proves the final piece of the jigsaw. Asked what he would advise managers hoping to emulate his achievements, Guardiola said: “Have good players – have Messi, have Haaland. This is my success. I’m not joking. “Every manager who has had success has had strong institutions and exceptional players. I’ve never scored a goal as a manager.” Haaland actually goes into the game having scored just once in his last seven outings but this is not a concern for Guardiola. “I don’t have doubts,” he said. “If you have doubts about Erling scoring you are a very lonely person. “Tomorrow he will be ready to help us win the Champions League.” Haaland has formed a potent attacking partnership with De Bruyne. De Bruyne was cheekily asked at the press conference if it had been “love at first sight” between the pair. De Bruyne said: “No. I’m happy with my wife!” Elaborating more, he added: “You have a feeling with a player and I understand what he wants. It clicked really well. He’s scored at an incredible rate and settled really easily.” De Bruyne has been chasing Champions League success with City since 2015. He said: “We have been consistent, we have been good enough, but we need to find a way to win the first one. It would be immense for the club and the fans, something amazing.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live We love the pressure – Ruben Dias confident Man City will thrive in final Republic of Ireland name 31-player training squad ahead of Women’s World Cup West Ham charged by UEFA over fan behaviour at Europa Conference League final
2023-06-10 02:54
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