Andrea Radrizzani wants to retain significant control at Leeds United even if he sells a stake to Qatar, Football Insider understands.
The United owner has held further talks with the state-owned Qatar Sports Investment (QSI) this week and was photographed alongside Nasser Al-Khelaifi, the PSG president who also runs QSI, last night.
This provided further evidence of the two parties working towards a deal that would see the mega-rich company with its first foothold in English football.
However Leeds source has told Football Insider that Radrizzani is not currently looked to sell all his shares in the club, which amount to a holding of around 88 per cent.
In an unexpected twist that goes against the sense of the Championship giants being in the hands of QSI at some point next year, the Italian businessman wants to offload only a minority holding.
The Italian businessman is instead seeking to secure some fresh investment into Leeds and develop a partnership with the investment company of the oil-rich state.
The source further added that Radrizzani is eager to “see through” the job of establishing United as a Premier League 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”.
He subsequently insisted that he was not looking to relinquish his stake in Leeds.
The rumour mill has gone into overdrive this week after L’Equipe cited QSI sources about a “real exchange” between Radrizzani and Al-Khelaifi but said that talks were “moving slowly”.
Radrizzani bought Leeds in January 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 88 per cent when 49ers Enterprises, the investment branch of the San Francisco 49ers, bought £11 million worth of shares.
In other Leeds United news, Noel Whelan has heard who will take over the centre-forward mantle if Patrick Bamford gets injured.