Former Leeds United striker Noel Whelan has revealed major details regarding the potential QSI takeover as reported by Football Insider.
Whelan believes that if the takeover happens it could completely transform the funds at Leeds’ disposal and change the financial state of the club. The former striker has been “told” from his sources that discussions are taking place over a deal that would see the club land a potentially “huge” cash pot.
Current owner Radrizzani revealed in October he was considering an offer from QSI (Qatar Sports Investment) to take the Elland Road club to a new level, although he subsequently insisted that he was not looking to relinquish his stake in the club.
“I’ve been told that talks are going on behind the scenes and that, if this happens with Qatar, Leeds can be another Man City,” Whelan revealed.
“Qatar won’t just buy a stake and do nothing. They will go for it massively, exactly the way Abu Dhabi have done with Man City, through massive investment in players. This is huge for the club, the city and our massive fanbase.”
“There’s no doubt we need an extra bit of funding. It would be great to get something agreed ahead of January, although these things take time.”
Radrizzani is currently the majority shareholder of the Yorkshire giants as he reduced his 100 per cent holding last year to 88 per cent when 49ers Enterprises, the investment branch of the San Francisco 49ers bought a stake in the club.
The news coming from Whelan is a huge development and could mean a massive change for the club. If they are able to inject further funds into the side they may be on course to become a Premier League club to be reckoned with.