49ers have option to buy Leeds until 2024, Newcastle’s Botman interest, Balogun set for loan – The Athletic

Athletic has revealed that the investment arm of the San Francisco 49ers has a deal in place to buy Leeds United for more than £400m.

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

Leeds’ market value has soared since Italian businessman Andrea Radrizzani bought it for £45m in 2017, but 49ers Enterprises – a fund controlled by the NFL franchise – is set to secure a full buyout within the next two years.

Radrizzani sold an initial 10 percent of Leeds to 49ers Enterprises in 2018, and that minority stake has since risen to 44 percent, with the most recent increase of 7 percent last month.

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

The total cost of acquiring 100 per cent of the shares includes money already paid for the current stake to 49ers Enterprises, leaving more than £200m to pay.

Completing the acquisition will create another model of American ownership in the Premier League, and add the 49ers Enterprises to a growing list of American-run clubs in England.

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