Leeds United: 49ers Enterprises increase their stake in Elland Road club

49ers Enterprises, the financial backers of NFL club San Francisco 49ers, has increased their minority stake in Leeds United to 44 per cent.

Andrea Radrizzani still holds a majority 56 per cent shareholding at Elland Road through Aser Ventures. 49ers Enterprises first bought approximately a 15 per cent stake in the club in 2018 before increasing their investment and control in January.

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Following the increase earlier this year, it was announced that they had upped their ownership to 37 per cent while president of 49ers Enterprises, Paraag Marathe, became vice-chairman.

INCREASED STAKE: Paraag Marathe of the San Francisco 49ers is vice chairman of Leeds United. 49ers Enterprises have increased their stake in the club to 44 per cent. Picture: Getty Images.

Leeds chief executive Angus Kinnear says that both parties "remain unequivocally committed to the club" after the 49ers increased their stake again, for an undisclosed price.

He said: “We are delighted to see Aser Ventures strengthen their partnership with 49ers Enterprises who have clearly been impressed by the quality of the project.

“Aser Ventures and Chairman Andrea Radrizzani remain unequivocally committed to the club, whilst all those involved with the 49ers are actively working with our management team on a daily basis to help to drive us forward, putting us in a strong position to achieve our goals in the coming years.”

CONTINUE READING - Marcelo Bielsa safe from sack at Leeds United, as Andrea Radrizzani targets Premier League top six next season.