Leeds tipped to complete '£16m' signing after confirmed news - Mills
Danny Mills has suggested the 49ers could boost the Leeds United transfer kitty by at least 50 per cent – and part-fund a “£16million” signing.
Speaking exclusively to Football Insider, the ex-Whites and England defender delivered his verdict after the 49ers increased their stake in the club to 44 per cent.
Andrea Radrizzani’s investment vehicle Aser Ventures maintains ownership of the rest of the 56 per cent of the club.
Leeds Live report the 49ers increasing their stake by seven per cent has coincided with £52.9 million worth of capital has been issued to Leeds.
Mills also suggested the 49ers could dip into their own cash to help out Radrizzani in the upcoming transfer window.
“It’s going to be interesting,” he told Football Insider correspondent Connor Whitley.
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“Is that money investment that is going into the club to make them stronger? We’re not quite sure just yet where that power sits.
“I’m sure the long-term vision of a huge sports franchise like the 49ers, they know what they’re doing. They know where the club wants to be.
“If you have to dip into the transfer market, it means it’s not just Radrizzani’s own money. Instead of maybe spending £10million of your own money, he might spend £8million, he might have that matched by another £8million and you can spend £16million on a new signing, rather than £10million.”
Leeds spent over £50million on the senior squad over the summer after finishing ninth in the Premier League last season.
The £25million purchase of Dan James from Man United accounted for almost half of that expenditure.