Danny Mills claims that potential investors could double their money at Leeds United after Andrea Radrizzani’s revelations about his plans for the club.
Speaking exclusively to Football Insider assistant editor Russell Edge, the former Leeds and England defender says that a new outright owner or financial partner to the current board could be set for a healthy windfall at Elland Road if the club can make their way back to the top-flight of English football.
As revealed by Radrizzani in an interview with The Times, he has had a number of proposals about buying a stake at Leeds and that he is mulling over approaches from three specific parties, including one from Qatar Sports Investment,.
Mills says that it could cost Radrizzani and any other investors a large sum to take Leeds to promotion but that a return to England’s elite could see their initial spend doubled.
Mills told Football Insider: “You have to think where can you get value for money if you’re going to buy or invest in a football club? The Championship is probably the best place to go.
“It’s going to cost you £30-40million to buy a club, another £30-40million in terms of investment in the team to get into the Premier League, add a bit of infrastructure into that as well.
“You get promoted and you might have an outlay of £70-80million but you get into the Premier League, with the sponsorship and everything else, suddenly you double that and then you might be asked again what you want to do.
“We’ve had this so many times with Leeds, let’s wait and see until there’s actually a suitcase of cash on the table.”
Radrizzani claims that the club is spending as much as £40million-a-year on wages between the players and the coaching staff, with around £3million of that on Marcelo Bielsa alone.
The Italian has been in charge of the Whites since 2017, initially joining as an investor alongside former owner Massimo Cellino.
In other Leeds United news, Noel Whelan has been left baffled as the club plot a move to sign a versatile Premier League player.