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 Radrizzanis 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.