Leeds United takeover approved by EFL
Championship side Leeds United have announced that the EFL has approved the sale of the Club to 49ers Enterprises, who now assume full control of the club.
Paraag Marathe, previously Vice Chairman and Board member of the Club, will take over as Chairman. Marathe takes over from Andrea Radrizzani, who has been majority owner of Leeds United since 2017.
The company, part of the San Francisco 49ers NFL franchise, initially bought a stake in the club in 2018.
“This is an important moment for Leeds United and we are already hard at work,” said Marathe. “This transition is a necessary reset to chart a new course for the Club.
We have already appointed a highly-respected First Team Manager with a track record of success, and we are confident Leeds will field a competitive squad to contend for promotion next season. It’s a privilege to carry this torch as I know we have a responsibility to ensure this Club makes our staff, players, supporters, and the Leeds and Yorkshire communities proud."
Outgoing owner Radrizzani said, “It has been an honour to guide Leeds United over the last six years and to spend so much time with the best fanbase in the world. 49ers Enterprises have been fantastic partners for years and I'm confident they will take Leeds to the next level.”