Leeds have confirmed an agreement between Aser Ventures and 49ers Enterprises has been agreed for the sale of the membership.
Fresh talks over the previous 24 hours imply Andrea Radrizzani will promote his majority stake at United and produce his six-year spell at Elland Road to an finish.
Leeds suffered relegation of their third season again within the Premier League, failing to climb out of the underside three as a result of a string of poor performances underneath Jesse Marsch after which Sam Allardyce.
It will nonetheless take just a few weeks for the takeover to be accomplished whereas EFL approval is sought – sure officers from the 49ers’ funding group should move the EFL’s Owners’ and DIrectors’ Test.
A press release reads: “Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club.
“Both events proceed to work via the main points, and additional updates shall be supplied quickly.
“All of our focus stays on a fast return to the Premier League.
“Thank you on your continued help.”
49ers Enterprises, who own the San Francisco 49ers, bought a 15% stake in Leeds in 2018 which increased to 44% in 2021.
Radrizzani purchased the club outright in 2017 for £45m but his ownership later dwindled to 56%.
Leeds are without a first team manager following Allardyce’s departure and also need a replacement for Victor Orta who is no longer director of football after quitting last month.
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