Leeds United chief Andrea Radrizzani has backed a £300m investment from a US company to the English Football League (EFL).
As revealed by Football Insider, the EFL are bracing themselves for a new approach from an American investment company who are keen to purchase a stake in the league. The report added that the EFL rejected a £375m offer from private equity group TPG Capital earlier this month, which could have seen the firm hold a 20% stake.
EFL chairman Rick Parry rejected the offer at a time which has recently seen numerous clubs suffer financial difficulties due to the Covid pandemic.
What does Andrea Radrizzani have to do with the pending bid?
TPG are now said to be preparing a new move, with Leeds chief Radrizzani reportedly the man to propose the plans to the EFL.
Concerns have apparently arisen from Football League clubs over the Italian’s part in a bid, claiming a conflict of interest given his ownership of the Yorkshire club who are now playing in the Premier League.
Radrizzani, who purchased Leeds in 2017, initially acquired a 50% share in the Whites before fully taking over from Massimo Cellino.
Should the EFL accept a bid from TPG?
Why not? Whilst Radrizzani may be at the helm of Leeds and clubs may oppose his part in a potential deal, a cash injection may be too difficult to turn down at the current time given such financial problems with clubs.
The Italian’s CV is impressive in that sense but it seems unlikely he will be included in any potential deal with the EFL, given his link to the Elland Road club.
The news is unlikely to bother Leeds fans who have seen the club go from strength to strength since Radrizzani took over three years ago.
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