Leeds United chairman believes club worth over £90 million
Leeds United chairman Andrea Radrizzani believes that the club is worth more than double the £45 million he paid for his 100% stake in May 2017, according to the Yorkshire Evening Post.
Leeds finished 13th in the Championship in Radrizzani’s first season at the helm, but things have started to look up so far this time out. With a new manager and several new faces, Leeds currently sit third in the table after 12 games.
Radrizzani put more than £2 million towards the appointment of Marcelo Bielsa this summer and the decision looks to be working out so far. The chairman has also been keen to bring money into the club to balance the books, selling around 12% of his shares to the investment arm of the San Francisco 49ers in May. The club also sold young midfielder Ronaldo Vieira for £7.7 million.
Speaking at Leaders Week in London, Radrizzani has had his say on what he believes has changed at the club since he took over. The chairman revealed that he has been “approached by many parties in the last few months” over a potential sale of shares in the club. He also believes that the value of the club has more than doubled since his arrival last year:
“I see already the value is probably more than double than what I invested but the upside potentially is really high because in my opinion this is one of the top, probably, eight brands in UK.”
Meanwhile, Radrizzani also revealed that he has a concrete time frame for his work at Leeds:
“If I don’t go up after a few years then I’ll sell because it means my cycle is done and someone else should do it. It’s a loss-making league and it’s not fun to put money every year into a business that loses money.”
With Leeds third in the league so far this season and looking strong, fans will be hoping that it’s not too long before they make their long-awaited return to the Premier League.