By Danny Mills

22nd Dec, 2020 | 3:16pm

'That's another £150m' - Exclusive: Mills reacts to huge Leeds investment reveal

Danny Mills has insisted the fine start Leeds United have made to life back in the Premier League is the reason why San Fransico 49ers want to invest £50million into the club.

Speaking exclusively to Football Insider correspondent Connor Whitley, the former Whites and England right-back claimed the club’s value will soar by another £150m if, as he now expects, they stay up this season.

Football Insider revealed last week the 49ers are in talks to buy a further 15 per cent stake in Leeds United for £50m.

The NFL franchise already own a 12 per cent stake in the Yorkshire giants after completing an £11million deal with owner Andrea Radrizzani in 2018.

Radrizzani bought the club from the unpopular former owner Massimo Cellino in 2017 for what is beginning to look like a bargain £45million.

Asked by Football Insider for what the deal could mean for the club going forward, Mills said: “It tells you that the club are in the Premier League because suddenly that percentage, whereas last year, was worth maybe £20million in the Championship, this year the same share is worth £50million.

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“You’ve got the TV deals in there but you have to remember the wages have gone up, there’s bonuses to be paid and all these types of things that come into it.

“Maybe now, with 17 points on the board, they’re on the way to safety and another season in the Premier League. That’s another £150million. Once fans come back, you start to add that revenue in as well.

“Suddenly it becomes a good investment. Whether all that money is just to buy shares, where it goes after that, we’ll have to wait and see.”

In other news, Football Insider can reveal a huge update on Leeds United’s bid to sign a defender in January after contact has been made.