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Premier League 2021/22


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The investment arm of the San Francisco 49ers has a deal in place to buy Leeds United for more than £400 million, The Athletic can reveal.

It is understood that there is an option for 100 per cent control of Leeds to pass to 49ers Enterprises by January 2024 — including ownership of the club’s Elland Road stadium.

Leeds’ market value has rocketed since Italian businessman Andrea Radrizzani bought them for £45 million in 2017 but 49ers Enterprises — a fund controlled by the NFL franchise — is set to secure a full buy-out within the next two years.

Radrizzani sold an initial 10 per cent of Leeds to 49ers Enterprises in 2018 and that minority shareholding has since risen to 44 per cent, with the most recent increase of seven per cent coming last month.

A fixed purchase of more than £400 million was struck during negotiations that saw 49ers Enterprises hike its stake up to 37 per cent in January. Some sources have told The Athletic that the deal could be worth £475 million.

The overall cost of acquiring 100 per cent of shares includes the money already paid for 49ers Enterprises’ existing stake, leaving more than £200 million to pay.

Completion of a takeover would create another US-ownership model in the Premier League, adding 49ers Enterprises to a growing list of American-run clubs in England.

January 2024 has been set as the deadline for the transition but sources have told The Athletic that a buy-out is likely to come sooner. Radrizzani may retain a small minority stake when control of the club changes hands.

The inclusion of Elland Road in the agreement between Radrizzani and 49ers Enterprises will be seen as crucial by Leeds’ supporters, who watched their team fight back to draw 2-2 there with Brentford yesterday.

Radrizzani has controlled the ground since 2018 when he activated a buy-back clause put in place when Leeds sold their stadium and training ground to a private landlord in 2004. The cost to him is believed to have been roughly £20 million.

Although activating the clause technically brought Elland Road under Leeds’ control again, the stadium was officially acquired by Greenfield Investment Pte Ltd, a company owned by Radrizzani and based in Singapore. Elland Road would be part of 49ers Enterprises’ full buy-out.

It has been suggested to The Athletic that if Radrizzani’s company Aser was to buy another club anywhere in the world in the meantime (before January 2024), the deal with 49ers Enterprises would be voided.

 

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7 minutes ago, Colly said:

Walkout?

https://www.theguardian.com/football/2021/dec/06/evertons-decline-the-first-sacrificial-lamb-and-a-27th-minute-walkout

3 minutes ago, Baddar said:

Naughty from Godfrey that.

Yeah, that's a straight red. More VAR incompetence, and that's coming from an Everton fan. May have accidentally called out Mike Dean for a minute there without him having seen the foul.

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2 hours ago, How The Kyle Stole Xmas said:

I am really not looking forward to this match. The walkout, however, I hope is a success.

That walkout was the most Everton thing I've seen. More people left on Wednesday! 

Honestly, it has shades but to a worse extent of Rafa's end with us and the discontent with our owners at the time. It was very toxic going the game with fans basically battling one another. The fans need to sing from the same songsheet in a sense if they want to see any change. 

Even taking my red tinted glasses off. What is Everton? What style do they play, what is the identity of the club, what sort of players do they have. It's all too disjointed 

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Who's the protest against though? The owners? The manager? A woolly mix of both? We've had a decade of similar attempts at Newcastle bit at least the target and reasoning tended to be there, and even then the impact was mixed until the point 20,000 season ticket holders packed it in. You can't really protest about being a bit average.

Lol, Richarlison.

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It's definitely aimed at Moshiri. Brands was hamstrung by too many fingers in the transfer pie (Moshiri/Kenwright/manager) and Koeman/Walsh spunking hundreds of millions on distinctly below average players. Kenwright for his faults kept us stable during darker financial times and at least has the nerve to face the fans. Benitez is somewhat set in his ways for better or worse, and is more of a symptom than a cause. Moshiri refuses to relinquish control to the people he's paying to deal with things (Iwobi was wanted by neither manager nor DoF but Moshiri forced it through), refuses to face the fans or even address them directly. This is the worst we've been for over a decade and I think the mood around the club is just very negative. A lot of that might be down to the fans, but the board aren't blameless either.

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Feels like a really shit game. Timewasting in the 75th minute against Everton, come on.

Can't understand bringing on Nketiah when he wants to leave and has never done anything for us, especially when club signing Pepe is sitting right there. He has to be a better option, surely? Don't know how Xhakas getting 90 minutes, he looks out of his arse.

And that was a long time coming. The 2nd overruled one shouldn't have been chopped off but there you go. Shit game.

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