Radrizzani paves way for huge overhaul after stunning £9m Leeds deal confirmed

COMMENT By Richard Parks

The penny has finally dropped for Andrea Radrizzani.

The Leeds United owner has come to realise that a mid-table budget is rarely enough to seal a top-table finish and has acted well before the transfer window has formally opened.

Nearly £9million of Leeds shares have been registered with Companies House by a firm controlled by Radrizzani.

Yorkshire Evening Post correspondent Phil Hay uploaded documentation of the rights issue to pave the way for new investment in the Championship club.

It comes after a loan of almost £9m made to the club by Greenfield Investment Pte Ltd, a firm controlled by Radrizzani’s investment company Aser, was converted into club shares last week.

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Just in the nick of time, as Leeds prepare for a transfer window in which a major cash injection is needed to transform a mediocre squad into genuine play-off challengers next season.

The promotion candidates are usually the ones who spend the most, unless a club can hire a manager capable of producing miracles, as Neil Warnock has done at Cardiff City but couldn’t do at Leeds.

United posted a near-£1million profit on a £34million turnover in their most recent set of financial results, but had an operating loss of more than £9million.

With the club’s wage bill rising to £20million, it had left Leeds at the top of their budget and with little room for growth.

The proposed sale of equity would improve the financial strength of a club and free up more cash for the transfers desperately needed to transform a team that is not up to scratch.

The word is that the £9million of liquidity will all be available for transfers.

Credit to Radrizzani for learning from his mistakes and laying the foundations for a summer spending onslaught that can only improve the side.

In other Leeds United news, it can be revealed that Andrea Radrizzani is ready to end the careers of 13 senior players at the club in a jawdropping cull.

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