Andrea Radrizzani has sealed his long-awaited investment in Leeds United with the purchase of a 50 per cent stake from Massimo Cellino. The Elland Road club will move forward under joint ownership between Radrizzani and Cellino after months of talks over an equity sale reached a positive conclusion today. Radrizzani has acquired half of United’s shares through his company Aser Group Holding. The stake was bought via a separate acquisition firm, Greenfield Investment Pte Ltd. The Italian businessman, who was one of the founders of the global media rights firm MP & Silva and helped built it into a company worth more than £500m, first began discussing a deal with Cellino in May of last year. Discussions ran into trouble in October but an agreement was resurrected before Christmas, allowing Radrizzani to complete his investment in the early stages of the January transfer window. The 42-year-old said recently that he was acquiring a 50 per cent stake in United with a view to buying out Cellino completely at the end of this season. Cellino, who is abroad in Miami, has owned Leeds since April 2014 and secured 100 per cent control of the club last year, ending Gulf Finance House’s involvement at Elland Road, but he is due to start an 18-month Football Association ban on February after being found guilty of sanctioning an illegal payment during the sale of Ross McCormack to Fulham two and a half years ago. In a statement, Radrizzani voiced his support for head coach Garry Monk, whose side are fifth in the Championship table, and said he was making a “a long-term commitment to Leeds United”.
You were told non believers, seems that the ITKers on waccoe are really ITK. I for one thank them for all their updates on this investment. They have got it pretty much spot on.
Kaveh Solhekol @SkyKaveh 9m9 minutes ago New Leeds owner Andrea Radrizzani became interested in buying club after Kenny Dalglish told him at a lunch that Leeds had great potential
TTGM have just credited Simon O'Rourke for being the most connected person on the planet. He was obviously instrumental for TTGM with getting introduction to Raddrizani.
Phil Hay @PhilHayYEP 15m15 minutes ago This deal is fully approved by the Football League and without any obstacles.
this sounds like great news .. looks like Cellino will be leaving at the end of the season Sent from my iPad using Tapatalk
I told you ****ers at the weekend it was happening this week!!!! http://www.yorkshireeveningpost.co....50-per-cent-buy-out-of-leeds-united-1-8317273
We all know the potential at Leeds but what is the potential of Mr Radrizzani? Is he another con man who spends other peoples money. So far I am unimpressed with how long this has dragged on. We must wait and see and hope for the best.
Radrizzani a con man, ****ing hell lad wash your mouth out. He is very respected and good businessman. You don't think the dragging on would have had anything to do with Mr Cellino? This type of deal takes time to sort and even more so if it's trying to do it with the crook Cellino.Try googling the guy and see what he's done. He's a class above the other fraudulent cnut. Chippy, i'm sure you said a week or two ago that we were getting taken over by someone else, not Rad.
Its the "good business man" bit that bothers me.We would like someone with a passing interest in football
Evening Ell. If the above is accurate then it's exactly as I heard it when it was first breaking. 50% now, the other half at the end of the season with the amount for that half dependent upon promotion
↑ Monk will not be leaving Leeds, he's Rads appointment. He'll get his contract sorted once Rad takes charge. "Oh dear.. If thats the straw we are clutching he is gone cos that deal is bollix."
But haven't they been saying it for last 2 years not seen anyone predict today anywhere,Glory was the closest with Friday but he got the wrong people.
