The Lowdown: Leeds takeover update
The 49ers have the option to take full control from Andrea Radrizzani in a deal worth in excess of £400m until January 2024.
The Times’ chief sports reporter Martyn Ziegler said last week that the 49ers are gearing up for a full Leeds takeover and that ‘US banking sources say’ that investment is now in place after movement in recent weeks.
The Latest: Plumley’s comments
He said that £400m is a ‘very good price’ and teased that ‘we may see some further’ funds made available down the line.
Plumley stated: “I think from what we can see at the minute, that’s the investment purchase price, this £400million.
“We know that it may be January 2024 with a view to take it over at the end of the season, Premier League status will dictate that. You can understand the 49ers waiting on that because if you get relegation from the Premier League, you can wipe about £100million off that valuation overnight.
“This will be the investment upfront, any further investment will always depend on how that’s positioned in terms of is it included in the takeover price or something that comes a little bit later.
“What we can see here is if £400million is the purchase price, we may see some further down the line and actually £400million is a very good price for the club itself.”
The Verdict: Premier League survival will be crucial
As Plumley mentions, Leeds’ Premier League status will be imperative to a takeover going through. You’d expect that the 49ers may wait until the end of the season before exercising their agreement with Radrizzani, and should Jesse Marsch’s side avoid the drop, the investors may then look to take the Whites to the next level.
Further investment in the playing squad could help the club to go from strength to strength in the top flight along with proposed stadium improvements, so it could be a busy 2023 off the pitch at Elland Road.
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