San Francisco 49ers Increase Ownership Stake in Leeds United

“If we are able to stay in the Premier League, after two or three years I think this club could step up to be in the group of three or fo...


“If we are able to stay in the Premier League, after two or three years I think this club could step up to be in the group of three or four clubs next to the big ones,” Radrizzani said, picking out Leicester City, the unheralded team that went from relegation danger to Premier League champion in the space of a year in 2016, as a trajectory he would like to emulate. Since Leicester’s title victory, its Thai owners have invested in new players, coaches and infrastructure to maintain the club’s place in the upper reaches of the league.

“Our model, I think, is Leicester City,” Radrizzani said. “We have shared this a lot internally. If there’s a club I admire for what has been done in terms of football management, it’s Leicester.”

Having completed the stake sale, Radrizzani acknowledged that he was now considering adding to his own portfolio, perhaps by buying other European soccer teams. The idea, he said, would be to find opportunities that would allow Leeds to develop players at smaller clubs, or to invest in larger ones that would allow him to develop their sporting and commercial models in concert with those at Leeds United.

He said he would not consider, however, emulating Manchester City’s model of multiple-club ownership, with teams spread across multiple continents. Radrizzani said his sole focus would be on Europe.

The relationship between Radrizzani and Marathe has grown to the point that the 49ers executive has come to refer to the Italian as his “brother.” Before the pandemic, Marathe was a frequent visitor to Leeds with Jed York, the 49ers’ chief executive, and an early riser to watch its games from his home in California.

Not being able to travel to Leeds’s Elland Road stadium to witness the final weeks of the team’s promotion to the Premier League did not dull Marathe and the 49ers’ intent on following through with an expanded investment. Neither did the financial losses Leeds United has endured as a result of the pandemic, which Radrizzani estimated to be roughly 40 million pounds ($55 million).

“Was it a blip on the radar or is it a blip on the radar? Certainly,” Marathe said of the pandemic’s effects on sporting finances. “Do I think sport is going to come roaring back in possibly a bigger way than pre-Covid? Absolutely. Otherwise we wouldn’t be doing this.”

Source link

COMMENTS

Name

Africa,742,Americas,3951,Art & Culture,14302,Arts,6347,Arts & Design,1538,Asia,3129,Automobile,425,Baseball,517,Basketball,413,Books,3739,Business,5182,Celebrity,2605,Cricket,620,Crime,133,Cryptocurrency,1404,Dance,600,Defense,811,Diplomatic Relations,2467,Economy,1023,Editorial,260,Education,1129,Elections,301,Energy & Environment,3001,Entertainment,22181,Environment,3483,Europe,4077,Faith & Religion,217,Family & Life,788,Fashion & Style,3102,Finance,19112,Food & Drink,3592,Football,1039,Games,85,Gossip,10259,Health & Fitness,3933,Health Care,884,Hockey,192,Home & Garden,896,Humour,965,Latin America,49,Lifestyle,16349,Media,505,Middle East,1413,Movies,1594,Music,2501,Opinion,2756,Other,11345,Other Sports,4883,Political News,11265,Political Protests,2296,Politics,17368,Real Estate,1702,Relationship,64,Retail,3084,Science,2488,Science & Tech,9544,Soccer,172,Space & Cosmos,289,Sports,11535,Technology,3284,Tennis,516,Theater,1575,Transportation,289,Travel,2454,TV,3544,US Sports,1450,Video News,3531,War & Conflict,1041,Weird News,967,World,15678,
ltr
item
Newsrust: San Francisco 49ers Increase Ownership Stake in Leeds United
San Francisco 49ers Increase Ownership Stake in Leeds United
https://static01.nyt.com/images/2021/01/25/sports/25soccer-leeds2/25soccer-leeds2-facebookJumbo.jpg
Newsrust
https://www.newsrust.com/2021/01/san-francisco-49ers-increase-ownership.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/01/san-francisco-49ers-increase-ownership.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content