Kevin Phillips excited by astonishing Leeds United reveal
The moneymen are at Leeds United for the long haul and that is great news following Andrea Radrizzani’s astonishing £1billion claim this week.
That is according to former Premier League goalscorer Kevin Phillips, speaking exclusively to Football Insider after Leeds CEO Angus Kinnear said that the men behind the San Francisco 49ers takeover were not motivated by profit.
He told the Official Leeds United Podcast: “Paraag [Marathe] and Jed [York] are now huge Leeds United fans. They are making this investment more through passion than any economic advantages”
Marathe, 49ers President, York, 49ers CEO, and majority shareholder Radrizzani think the club has the potential to one day be valued at an incredible £1bn.
That would be ten times what the Italian businessman has invested in Leeds since taking over four years ago.
Phillips admires their ambition but suspects that if the club is ever worth that astronomical figure they wouldn’t hesitate to reap the rewards.
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He told Football Insider correspondent Adam Williams: “It’s great to hear. It seems like he’s in it for the long run rather than the guy at Sunderland [Kyle Louis-Dreyfus] who made it clear that he wants to come in, get the club promoted and then make some money. That’s fair enough if they tell you that straight away.
“But it’s good to hear that they’re in it for the long run. They’re passionate about football and the club and they want to get the supporters involved. But actions speak louder than words, let’s just hope they stick to that.
“It’ll be interesting to see if they are worth £1billion, whether he sells it or not. You probably would think he would, being a businessman.
“But, as I say, it’s great to hear that they want to invest through passion rather than making a quick buck.”
Sports media tycoon Radrizzani purchased the club from Massimo Cellino in May 2017.
He currently values the club at around £300million and, according to Forbes, only 11 clubs in world football are worth north of £1bn