Finance Guru wowed by 'Box Office' new Leeds hire after Marathe interview
New Leeds United vice-president Paraag Marathe is a “box office” character and has ambitious investment planned for the club.
That is according to finance expert and new Football Insider columnist Kieran Maguire, who revealed that the San Francisco 49ers president wants Leeds to follow Leicester City in upgrading their training facilities and wage expenditure.
Marathe was installed into his new role after the 49ers’ investment arm increased their shareholding in the West Yorkshire club from 15% to 37% as part of a £50million deal.
Majority shareholder Andrea Radrizzani has openly talked about wanting to emulate the Foxes in the past and sees the 49ers deal as a pathway towards that.
Leicester are indeed an excellent example to follow, says Maguire, as the focus in their bid to join the Premier League elite has been on off-pitch details as well as player recruitment.
“Leicester pay good wages,” he told Football Insider correspondent Adam Williams.
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“They’re not competing with the big six in their outlay, but they pay well, so the players are happy and always aware that they can move on. That’s the model that Leeds want to follow.
“Leicester have invested a huge sum of money in their training facilities. All of the money from the Harry Maguire sale was ringfenced and put towards player development.
“I’d expect Leeds to get involved those non-sexy things too, the training facilities and so on. That doesn’t move the dial from the fans’ perspective but it can’t be overstated how important it is.
“I interviewed Paraag Marathe and he was brilliant, he was box office. Clearly, that’s part of his remit. They think Leeds can do the same as Leicester. It’s got the fanbase and the one-club city, and people don’t realise how big Leeds is.”
Marcelo Bielsa’s side beat Leicester 3-1 on Sunday before following that result up with a 2-1 loss to Everton three days later.
The Whites are enjoying an excellent season so far and sit comfortably in 11th place, closer to the top four than the bottom three in terms of points on the board.