After it was recently reported by The Athletic that the San Francisco 49ers have a deal in place to buy Leeds United for more than £400m with an option for 100% control of the Yorkshire club to pass to 49ers Enterprises by January 2024, which includes ownership of Elland Road, it seems as though fresh details have emerged on the matter.
Leeds journalist Adam Pope recently shared a post on his Twitter page with some fresh details on the proposed takeover deal.
He said: “I understand that due to a multiple of revenues the overall price to take over Leeds could rise to £500m or more depending on factors such as future spending and league status.”
Pope also said that Andrea Radrizzani’s company Aser have the option to void the deal if they wish and that the current message seems to be 49ers and Leeds are “still working closely.”
Radrizzani completed his takeover of Leeds back in May 2017, ending Massimo Cellino’s three-year spell as the club’s owner after buying a 50% stake in January of the same year.
Since then, the Yorkshire club have managed to rise from the bottom half of the Championship at the end of the 2017/18 season to a top-half finish in the Premier League last season under Marcelo Bielsa’s guidance.
With the future in mind, it seems as though the club could be welcoming new owners in the near future to presumably push the club even further than they’ve managed to come under Bielsa and Radrizzani, which would surely delight a lot of Leeds fans.
However, taking into account what Pope had to say in his recent tweet, it seems as though the club’s final league position this season could have some sort of financial impact on what the takeover deal could look like.
Consequently, if Leeds can finish as high up the table as possible, this would lead to more money being put into the club, which would surely be music to Radrizzani’s ears. Not only would he have generated some fantastic results behind the scenes, keeping them in the division, but his pockets will be larger as a result.
Of course, the Italian’s first thoughts should be with the club but he will surely be motivated by the opportunity to gain an even greater source of income from Leeds’ accomplishments this term. The end goal for Radrizzani was always to cement their Premier League status and if he ends his tenure at Elland Road with that achieved, he will be a very happy man indeed.
However, the fact that Leeds are currently sitting in 15th position in the Premier League table with 16 points on the board from their opening 15 games of the season suggests that there is still some work to be done throughout the second half of the season if they want to match or even improve on their ninth-place finish in the league last season.