Report: Radrizzani secures multi-million pound Leeds deal, terms signed off on Monday night
By Alex Stevens
Andrea Radrizzani has completed a full takeover of Leeds United after buying the stake of Massimo Cellino, according to a report.
The Sun claim the two Italians agreed a multi-million pound deal on Monday night which will enable Radrizzani to take full control at Elland Road.
It is said that the deal marks the end of Cellino’s controversial reign at the Championship club and means that he leaves with immediate effect.
The Sun report that media rights tycoon Radrizzani, who bought 50 per cent of Leeds in December, has taken advantage of an option in the initial deal that allows him to take total control by the end of June.
The price had to be agreed between the two businessmen depending upon which league Leeds will be competing in next season.
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The Sun report does not specify how much Radrizzani has paid for Cellino’s half-share other than to explain it will be a deal that will cost multiple millions of pounds.
There has been no official confirmation of Radrizzani’s full takeover but it appears that will now only be a matter of time.
It would represent a seismic change at the top of the club given how the erratic Cellino has ruled with an iron fist since buying a majority stake in Leeds in January 2014.
His tenure has been riven by controversy, court cases and run-ins with the football authorities, which has made him deeply unpopular with a large section of the fanbase who claim he has humiliated the club.
Nevertheless, he appointed Garry Monk last summer and the team’s fortunes were transformed as they challenged strongly for promotion before falling at the final hurdle last weekend to ensure they will finish the season in seventh.
In other Leeds United news, the deal is all but done for the club to complete the transfer of an experienced Premier League man from West Ham.