News has broken via social media today that Leeds United are set for new investment ahead of the summer with Andrea Radrizzani set to sell 10% of his shares to a currently unknown party to generate cash for the window. The news (via the Yorkshire Evening Post) came after a tweet from an account who keep a close eye on clubs finances.
Phil Hay has helped break it down into simple terms a few times, in fact he’s had to break down his broken down version…Basically Radrizzani will sell 10% of his shares in Leeds so the club get more money, money which will be used to increase the transfer budget. Obviously the negotiations are at an advanced stage and the hope is that the budget will increase significantly although that can’t be confirmed until the deal is done. The fact that we are already keen to make Kyle Bartley are first signing as we see him as a “marquee signing” shows that we are willing to spend more than we did last summer and this does seem like good news. The reason Andrea Radrizzani needs outside investment is because without it we can only spend a certain amount due to the rules. The richer clubs in the division have parachute payments or (in Wolves’ case) a super agent.
I guess some fans will want to know why Radrizzani is already planning on selling off some of his club but only he knows the new investors for now and maybe this is the start of someone investing on a regular basis. The deal will hopefully be done in the coming weeks and in time for the budget to be increased for the start of the window. The news is certainly a surprise although at Leeds United nothing should be a shock to us. Radrizzani is currently in Myanmar so the deal may well be done on that side of the world, it’s a waiting game until the deal is confirmed now.