Revealed: Leeds complete £18m deal as paperwork filed with Companies House
Leeds United chairman Andrea Radrizzani has pocketed around £18million from his recent share sale to the San Fransisco 49ers, Football Insider analysis shows.
The investment deal was confirmed on 5 November as 49ers Enterprises increased their stake in Leeds by seven per cent to 44 per cent.
New documents filed with Companies House this week shed further light on the deal.
They confirm that the cash from the NFL Franchise has gone directly to Radrizzani rather than in to Leeds’ bank account.
The United majority owner has personally pocketed around £18m from the deal, which now values Leeds at the £250m mark.
The Premier League club’s value has rocketed since their return to the top flight last year after a decade-and-a-half in the lower leagues.
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The 49ers have been steadily increasing their investment in Leeds over the last three years.
The first of four payouts came in 2018 and they are edging closer to taking a controlling stake.
Leeds have insisted that Italian businessman Radrizzani, who took control of Leeds in 2017 from controversial countryman Massimo Cellino, remains committed long term to the club.
His shareholding has now been diluted to 56 per cent as a result of the latest power shift.
The off-field changes at Leeds come at a time of ownership shifts at many leading clubs.
The Saudi Arabia-led takeover of Newcastle United was completed last month while Czech billionaire Daniel Kretinsky bought 27 per cent of West Ham earlier this month in a deal valuing the club at £600m.