Kieran Maguire: Leeds have just pulled off '£20m' deal with 'confirmation soon'
San Franciso 49ers will likely have paid around “£20milion” to increase their shareholding in Leeds United by seven per cent.
That is the view of finance expert Kieran Maguire, speaking exclusively to Football Insider after Leeds rubber-stamped the deal on 5 November.
The American football outfit now owns 44 per cent of the West Yorkshire club after completing its fourth round of investment.
Chief executive Angus Kinnear told Leeds’ official website: “49ers Enterprises have clearly been impressed by the quality of the project.”
The 49ers’ first foray into English football came in 2018 when they bought a 10 per cent stake in Leeds for a reported £10m.
The value of the club has come close to doubling in the three years since, suggests Maguire
Subscribe to Football Insider TV now
The spreadsheet expert also explained that the exact structure of the deal will be confirmed when Leeds file with Companies House imminently.
“An extra seven per cent is probably worth somewhere in the region of £17m to £20m,” he told Football Insider correspondent Adam Williams.
“Whether that is a fresh issue of shares or the sale of shares from Andrea Radrizzani to San Franciso 49ers, we don’t know.
“So the money might have gone into the club, or it might have gone from one ownership group to another.
“Confirmation will come soon because if a club has an increase in shares, you then have to go and lodge that at Companies House.”