By Kieran Maguire

13th Nov, 2022 | 10:44am

Kieran Maguire: Leeds United takeover 'potentially close' after key development

Kieran Maguire has claimed 49ers Enterprises are “potentially close” to a takeover of Leeds United after the investment group made moves to secure the necessary funding.

However, speaking exclusively to Football Insider, the football finance expert said it may “take some time to finalise” matters because of the interests of existing shareholders.

According to The Times (9 November), 49ers Enterprises now have in place the investment needed to complete a full takeover at Elland Road.

The investment vehicle, connected to the 49ers American Football franchise, own 44 per cent of Leeds United.

They have an option to buy out the current majority shareholder, Andrea Radrizzani, in January 2024.

The final sale price is likely to be affected by the Whites’ performance in the Premier League this season.

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When asked by Football Insider for his insight and analysis of the latest, Maguire said: “49ers investments have fairly deep pockets.

“Therefore, the option to increase the stake in Leeds United beyond 50 per cent, which would give them day to day control in terms of decision making, is potentially close.

“At the same time, it is a case of agreeing the right price and protecting the interests of the existing stakeholders. That might take some time to finalise.

“The 49ers are in no hurry to do a deal. They will be looking at other investment opportunities given that they are a specialist investment fund.”

In other news, a source has revealed Burnley have joined the race to sign Leeds United star Stuart McKinstry as talks linked up.