Premier League: The American group 49ers Enterprises buys Leeds United

by time news

2023-06-09 23:08:00

Ethe american group 49ers Enterprises has reached an agreement with the owner of the Leeds UnitedAndrea Straighten them upfor the purchase of its shareholding of the English club.

He Leeds announced the agreement this Friday, which is waiting to receive approval from the Premier Leaguewhich will have to evaluate if the new owners are suitable to enter the league.

This process could take several weeks, as the Premier renew this regulation to avoid the entry into competition of insolvent dues or whose funds come from irregular businesses.

“He Leeds can confirm that an agreement has been reached between Aser Ventures y 49ers Enterprises for the purchase of the club. Both parties will continue to work out the details and more details will follow soon,” Leeds said in a statement.

49ers Enterprises is the investment arm of the franchise of the NFL San Francisco 49ers and its president is Paraag Marathewho has been vice-president of Leeds since 2021.

Relegation after a chaotic season

Straighten them up took over the club in 2017 and owns 57% of the Leedsbut he has decided to get rid of his shareholding package after the disastrous season that the ‘Whites’ have completed, with three fired coaches, along with the Spanish Víctor Mediumsports director, and the descent to the Championship three seasons after rising, with the Argentine Marcelo bielsa commanding.

The club’s valuation plummeted with the relegation and this purchase will allow the American group to invest adequately to ensure the future of the club, in addition to unlocking the sports field, in which planning for the next season is stopped due to the Lack of a coach and a sports director.

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