Sign up today to receive the latest news in a daily email and occasional event updates straight to your inbox:
Leeds United has signed a new deal with 49ers Enterprises – the NFL’s investment arm Teams San Francisco 49ers – announced that will increase the minority stake in the Premier League to 37%.
The new investment will also include Paraag Marathe, president of 49ers Enterprises and current board member of Leeds, vice chairman of Elland Road Club.
« We are very excited about further investments by 49ers Enterprises in our club. I am confident that this latest partnership will help Leeds United continue to grow and develop into the team our supporters deserve », said Andrea Radrizzani, chairman of Leeds United.
« I have always been open to bringing partners on this trip as long as these measures are long-term the club’s ongoing strategy. Paraag and the team at 49ers Enterprises are uniquely positioned to work with me, (Leeds Managing Director) Angus Kinnear, (Football Director) Victor Orta and our management team to achieve our goals.
« After we achieved promotion and one Having got off to a positive start on the new campaign, there is no better time to look to the future as we aim to take this football club to the next level by becoming an established Premier League site first before chasing our dreams, Leeds Bring United back to Europe.
“We also need to focus on realizing our commercial potential and developing Elland Road and our training facilities.”
The announcement builds on a strategic partnership and participation which was initiated in 2018 when 49ers Enterprises acquired 15% of the club from Andrea Radrizzani’s sports and media investment platform Aser Ventures b. https://sportindustry.biz/news/leeds-united-secures -us-investment
Marathe said: “Our 49ers Enterprises team has always shared the vision of Andrea to be a strong and victorious club in the most competitive football league in the Building the world, and the experience of the past three seasons has been more exciting than we could have ever imagined.
« The hard work and brave leadership shown by Andrea and his talented team have put Leeds United’s rightful place in The Premier League is restored. We look forward to playing an even bigger role in supporting their efforts to climb the table this year and into the future. «
Marathe added: » We are now increasing our investments in Leeds United to support and expand the organizational infrastructure needed to remain competitive in the Premier League. «
« We are committed to doing everything we can to help the club compete for championships against the best football clubs in the world while providing a great support experience on Elland Road. »
The deal will lead to that Marathe – supported by Collin Meador, Vice President of 49ers Enterprises, and other key 49ers employees – has been more involved in the decision-making and day-to-day running of the club, both in football and in business for the 49ers for the last 20 years. He will also retain his seat on the Leeds United Board of Directors.
Sport Industry Awards Limited
110 High Holborn
Registered in England and Wales No. 4236764
Sign up today to receive the latest news in a daily email, as well as the occasional event updates, straight to your inbox.