'Next couple of weeks' - Reliable journalist shares when massive Leeds deal will be complete
By Alex Stevens
Andrea Radrizzani is set to acquire full control of Leeds United within the next two weeks, according to a reliable journalist.
The Telegraph claimed earlier on Monday that Radrizzani is set to buy the 50 per cent of Leeds that belongs to fellow joint-owner Massimo Cellino to give him 100 per cent control of the club.
In what would be a seismic deal that would lead to massive changes at the Championship club and also cost multi-millions, it is said that Cellino will also step aside after three-and-a-half years riven with controversy.
Asked for his response to the report by a Leeds fans on Monday, Yorkshire Evening Post correspondent Phil Hay replied than the deal was in the pipeline for Radrizzani and the directors that were appointed following his arrival in December.
“They want it done as soon as possible now, in the next couple of weeks,” reported Hay on his personal Twitter account as he explained that it was expected to go through.
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— Phil Hay (@PhilHayYEP) May 1, 2017
The Telegraph report that there is a clause in the contract agreed when Radrizzani bought his 50 per cent stake stipulating he can activate an option for full control only if Leeds are not in the Premier League.
The events of the weekend confirmed that Garry Monk’s side will finish the season in seventh and remain in the Championship next season.
It now appears the team’s failure to reach the play-offs will bring down the curtain on the erratic reign of Cellino, who became Leeds’ majority shareholder in January 2014.
The 60-year-old is currently serving a 12-month FA ban from all football-related activity for breaching agent regulations in the transfer of Ross McCormack to Fulham.
But Cellino is still regarded as the power within the club and Radrizzani admitted at the weekend that his fellow Italian was responsible for Leeds’ hugely successful recruitment drive last summer that transformed the fortunes of the club.
In other Leeds United news, a stunning £14million bid is being prepared as deal edges closer with Premier League big hitters.