Leeds deal worth multi millions will be done next week - reports
By Harry Sykes
Andrea Radrizzani’s full takeover of Leeds United will be completed within days, according to a report.
The Yorkshire Evening Post claim the sports media tycoon is expected to complete a 100 per cent buy-out of the Championship giants next week.
It is said that everything is in place for Radrizzani to take full control of the club and buy out the half-share of fellow co-owner Massimo Cellino.
The report comes 10 days after Radrizzani told the Brescia edition of sports newspaper Corriere della Sera that Leeds “will be 100 per cent mine” within a fortnight.
There have subsequently been rumours that the takeover has hit a snag, with Mike Thornton, who is the company secretary of supporters group Leeds Fans Utd, revealing in a bombshell blog last Thursday night that the full takeover could be “called off for now” due to Bahraini investment bank Gulf Finance House (GFH).
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Yorkshire Evening Post correspondent Phil Hay also reported on his personal Twitter account that it “still needs certain things resolved” although he dampened fears by insisting the deal is “very much on track we’re told”.
@DoctorT1992 KB’s back at Swans. Monk talks planned to take place post TO. TO still needs certain things resolved (but very much on track we’re told)
— Phil Hay (@PhilHayYEP) May 16, 2017
The latest report form the Yorkshire Evening Post should go some way to dampening the flames of anxiety among the Leeds fanbase keen for the takeover to be completed and for the club to press ahead with the changes expected during the summer break.
The future of manager Garry Monk is up in the air while the club are expected to make major changes to their playing squad over the coming months.
The Sun claimed earlier this month that the two Italian joint-owners had agreed a deal worth multi-millions of pound deal for Radrizzani to take sole ownership of the Yorkshire giants.
The deal means that Cellinio will step aside with immediate effect following three-and-a-half years at Elland Road marked by controversy, court cases and run-ins with supporters and the football authorities.
Intriguingly, there have been reports in the Italian media that Cellino is close to buying a majority stake in Serie B club Brescia.
Radrizzani will take full control of Leeds after taking advantage of an option inserted into the December deal in which he bought a half-share of the club that allowed him to complete a full buy-out at a set price before June if promotion was not secured.
In other Leeds United news, it can be exclusively revealed that the club registered a new signing last month.