Leeds United confirm minority shareholders 49ers Enterprises will take full control of the club

Leeds United have confirmed an agreement between Aser Ventures and 49ers Enterprises, which will see the latter purchase the football club.

Leeds were relegated from the Premier League at the end of last month, and looking to regroup as a Championship side.

Now their American shareholders – who have been minority owners since 2018 – have agreed a deal for a full takeover — bringing an end to Andrea Radrizzani’s ownership of Leeds United. 

A club statement read: ‘Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club.

‘Both parties continue to work through the details, and further updates will be provided soon.

Leeds United confirmed that minority shareholders 49ers Enterprises will purchase the club

The 100% takeover deal values Leeds at around £170m, including the ownership of Elland Road

It ends the run of owner Andrea Radrizzani, who has been owner of full Leeds since May 2017

‘All of our focus remains on a quick return to the Premier League.’

Earlier this week, it was reported that the details of the sale had been passed on to the EFL for ratification, but this is the first time that Leeds have made an official statement on the matter. 

The EFL were tasked with ensuring that all the 49ers 60 investors comply with their Owners and Directors test. 

49ers Enterprises already own 44% of Leeds United, having first acquired a 15% stake back in 2018. 

It ends the run of owner Radrizziani, who has been a co-owner since January 2017, and a full owner since May of that year. 

Radrizzani’s Aser Company consortium recently completed a successful takeover of Italian side Sampdoria.

More to follow…