Leeds United are such hot property amid multiple takeover offers Andrea Radrizzani has sketched out a £300million masterplan, Football Insider understands.
The prospect of the Championship giants being in the hands of new super-rich owners has intensified amid a new report in French publication L’Equipe that talks with the state-owned Qatar Sports Investment (QSI) are ongoing.
Radrizzani was in Paris last night to attend Paris Saint-Germain’s 1-0 Champions League win against Bruges as the guest of Nasser Al-Khelaifi, the PSG president who also runs QSI.
This comes at a time when the United owner is weighing up offers from Qatar, the owner of an Italian club and a United States-based Leeds fan of immense wealth.
A Leeds source has told Football Insider that Radrizzani is privately confident the club will be worth more than £300million if they are in the Premier League in two years’ time.
The Italian businessman and his boardroom allies believe United will be worth another £250million if they secure promotion this season and were then to stay up in the Premier League in the following campaign.
He is likely to use Leeds’ potential, massive fanbase and growing commercial appeal as key planks in discussions to sell the club.
Radrizzani said last month that he is considering an offer from QSI to take the Yorkshire giants to a level where they could “compete with Manchester City”.
The word coming out of France is that negotiations are progressing slowly and that QSI’s interest is a long-term one, with the possibility of initially acquiring a minority stake.
Radrizzani bought Leeds in 2017, initially acquiring a 50 per cent stake before fully buying out Massimo Cellino in May of that year.
He reduced his 100 per cent holding last year to around 88 per cent when 49ers Enterprises, the investment branch of the San Francisco 49ers, bought £11 million worth of shares, thought to be around 12 per cent of the club.
That valued Leeds at £45million at the time.
In other Leeds United news, Noel Whelan has heard who will take over the centre-forward mantle if Patrick Bamford gets injured.