Controversial Leeds United owner, Massimo Cellino, has sold 50% of his stake in Leeds United to Andrea Radrizzani, who is an Italian businessman. The stake in the club has been purchased through Aser Group Holding which is owned by Radrizzani.
Radrizzani, who co-founded sports media agency MP & Silva in 2004, has been in talks to invest in Leeds since August last year.
"I am excited by the challenge ahead and I will work alongside Massimo and everybody at the club to make Leeds as successful as possible," Radrizzani said.
He added: "I am fully aware of the great heritage and traditions of Leeds United and I will endeavour to be a fitting custodian on behalf of the many thousands of Leeds supporters, who are the lifeblood of the club. I am making a long-term commitment to Leeds United and will work to bring stability through ongoing investment. I aim to bring sustainable growth. I won't do anything that will put the club's future at risk. Through working in the sports industry for many years, I have developed a great passion for the English game and I am honoured to have become joint owner of one of the country's biggest clubs."
Radrizzani said he is "very impressed with the job Garry Monk has done this season and he will do all he can to support him and the team moving forward."