Leeds United has undergone a significant transformation with its takeover by 49ers Enterprises, a move that has received approval from the EFL, signifying the club's official shift to new ownership.
The 49ers Enterprises, already owned 44% of Leeds, reached an agreement to acquire the remaining 56% stake from Andrea Radrizzani. Following their relegation from the Premier League, Leeds will compete in the Sky Bet Championship for the 2023/24 season.
The newly-appointed chairman, Leeds United Paraag Marathe, emphasized the importance of this transition, calling it a necessary reset to pave the way for a fresh course for the club.
With a reputable First Team Manager on board, they are optimistic about building a competitive squad that will contend for promotion in the upcoming season.
Excitingly, NBA star Russell Westbrook is among the new partners associated with the English soccer club Leeds United FC.
As part of the San Francisco 49ers ownership group, Westbrook made the announcement during a panel appearance at the prestigious Variety and Sportico Sports & Entertainment Summit in West Hollywood, California.
During last week Thursday session, Westbrook shared that he had discussions with the existing 49ers partners, seeking to make this deal distinctive and set it apart from others. He also sought counsel from close friends, including Thomas Tull, who is not only a good friend but also his business partner.
Leeds United was valued at £290 million. This valuation attracted investments from prominent NBA players, Larry Nance Jr. of the New Orleans Pelicans, and TJ McConnell, the Indiana Pacers guard.
The infusion of fresh ownership and investment bodes well for Leeds United, promising an exciting future filled with potential and ambition. As the club heads into a new era, all eyes will be on the team's performance in the EFL.
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