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US-based 49ers Enterprises has reached an agreement with Leeds United owner Andrea Radrizzani to buy his shareholding in the English club.

Leeds announced the deal on Friday, which is awaiting approval from the Premier League, which will have to assess whether the new owners are suitable to join the league.

This process could take several weeks, as the Premier League revised these rules to prevent insolvent owners or owners whose funds come from irregular business dealings from entering the competition, at least in theory.

Leeds can confirm that an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club. Both parties will continue to work on the details and further details will be released soon,” Leeds said in a statement.

49ers Enterprises is the investment arm of the NFL franchise San Francisco 49ers and its chairman is Paraag Marathe, who has been vice-chairman of Leeds since 2021.

Relegation after a chaotic season

Radrizzani took over the club in 2017 and owned 57 percent of Leeds, but has decided to divest his shareholding package after a disastrous season, with three coaches sacked.

The club’s valuation plummeted with relegation and this purchase will allow the US group to invest appropriately to secure the club’s future, as well as unblocking the sporting side, where planning for next season has been stalled by the lack of a coach and manager.



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