49ers Enterprises finalizes ownership of recently relegated Leeds United
A takeover years within the making has reached its conclusion because the not too long ago relegated Leeds United introduced Friday that 49ers Enterprises has assumed possession of the ailing membership.
49ers Enterprises had to purchase out Andrea Radrizzani, who bought the facet in 2017 and oversaw its rise to and fall within the Premier League.
After incomes promotion for the primary time in 16 years in 2020, the storied membership went 7-21-10 this season whereas utilizing 4 managers en path to a Nineteenth-place end and relegation.
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The sale contains the stadium, Elland Road, which had been held privately by Radrizzani.
49ers Enterprises is an funding fund owned by the York household, who additionally personal the San Francisco 49ers.
The Athletic reported that at the least 11 main buyers represent the consortium that 49ers Enterprises martialled to purchase Leeds. There are additionally a variety of minority buyers, together with some skilled athletes.
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49ers Enterprises initially purchased into Leeds in 2018 and has elevated its share since. Before this newest deal, it owned 44 per cent of the membership.
The membership was valued at almost $630 million whereas it remained within the Premier League, however in mild of its relegation, that quantity has been lower to round $210 million.
49ers Enterprises has $6 billion in belongings underneath administration and an aggressive plan to develop the stadium.
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