Leeds takeover latest: Major development in Radrizzani bid for control - report
By Alex Stevens
Andrea Radrizzani is close to clearing the final hurdle in his bid to take over as the new owner of Leeds, according to a report.
The Sun claim that the Italian sports media mogul has reached an agreement with current owner Massimo Cellino over a deal to buy a major stake in the club.
It is said that the deal is “done” but Radrizzani is now awaiting official ratification from Football League officials before the takeover can be completed.
Assuming that the tycoon passes the League’s owners and directors test, he will be given the formal green light to take the reigns at one of the biggest clubs in English football.
Radrizzani broke cover last month when he confirmed that he is in talks to buy a major stake in Leeds in two separate stages.
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The co-founder of media rights group MP & Silva, who has been seen at Elland Road on numerous occasions this season, revealed in an interview with The Straits Times that he was in “advanced negotiations” with Cellino.
“Massimo has 100 per cent now and if I do the deal, I will enter the club during this season with 50 per cent and have the option to buy him out completely in June next summer,” said Radrizzani.
Radrizzani’s timing is exemplary given the team’s improved form under Garry Monk and the fact that Cellino was last week slapped with a ban from football for 18 months for breaching agent regulations.
The FA have ordered that the controversial Cellino has no involvement in the running of a club for 18 months, with the suspension due to come into effect from February 2017.
Leeds beat third-placed Reading 2-0 at Elland Road on Tuesday night to secure their 11th Championship win of the season and climb to fifth in the table.
Goals from Chris Wood and Souleymane Doukara sealed the three points for Monk’ side, which has been ravaged from injuries and suspensions in recent weeks.
They are now preparing to host struggling Brentford on Saturday in what will be their second home league match in five days.