{"id":515499,"date":"2023-06-21T14:09:50","date_gmt":"2023-06-21T13:09:50","guid":{"rendered":"https:\/\/www.footballinsider247.com\/?p=515499"},"modified":"2023-06-21T14:09:55","modified_gmt":"2023-06-21T13:09:55","slug":"sources-leeds-united-takeover-gets-efl-green-light-after-documents-scrutinised","status":"publish","type":"post","link":"https:\/\/www.footballinsider247.com\/sources-leeds-united-takeover-gets-efl-green-light-after-documents-scrutinised\/","title":{"rendered":"Sources: Leeds United takeover gets EFL green light after documents scrutinised"},"content":{"rendered":"\n<p>The full takeover of Leeds United by the investment arm of the 49ers will be finalised imminently after being given the green light by the EFL.<\/p>\n\n\n\n<p>The Yorkshire club is in the process of being taken over by the American investment group after a deal was struck with former owner Andrea Radrizzani.<\/p>\n\n\n\n<p>The 49ers already own a 44 per cent stake in the club but will adopt full control by purchasing Radrizzani\u2019s remaining 56 per cent stake.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\ud83d\udea8 HIJACK! Newcastle ready SENSATIONAL Neves deal, Kane Tottenham exit twist, Nketiah move, Pulisic\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/saV2ObS2smA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The deal was initially valued at \u00a3400million before Leeds\u2019 relegation to the Championship in 2022\/23, which has slashed the asking price to just \u00a3170million.<\/p>\n\n\n\n<p>Leeds published a <a href=\"https:\/\/www.leedsunited.com\/news\/club\/31543\/ownership-update#:~:text=Leeds%20United%20can%20confirm%20an,return%20to%20the%20Premier%20League.\">club statement<\/a> on 9 June confirming that an agreement was in place between the 49ers and Radrizzani, with both parties continuing to \u201cwork through details\u201d.<\/p>\n\n\n\n<p>It is understood that one issue holding up the finalisation of the takeover was a green light from the EFL, who have to sign off on the deal now that Leeds are in the Championship.<\/p>\n\n\n\n<p>As reported by the <a href=\"https:\/\/www.bbc.co.uk\/sport\/football\/65847417\">BBC<\/a>, the EFL has recently introduced new, tougher regulations for their Owners\u2019 and Directors\u2019 Test.<\/p>\n\n\n\n<p>However, <strong>Football Insider<\/strong> has been informed by sources that both parties have finalised all takeover details and the EFL have completed the process and green-lighted the deal, which is now set to be completed imminently.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"703\" src=\"https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2022\/08\/GettyImages-1366250376_1200x824-1024x703.jpg\" alt=\"Leeds United\" class=\"wp-image-441847\" srcset=\"https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2022\/08\/GettyImages-1366250376_1200x824-1024x703.jpg 1024w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2022\/08\/GettyImages-1366250376_1200x824-300x206.jpg 300w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2022\/08\/GettyImages-1366250376_1200x824-768x527.jpg 768w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2022\/08\/GettyImages-1366250376_1200x824-1140x783.jpg 1140w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2022\/08\/GettyImages-1366250376_1200x824-750x515.jpg 750w, https:\/\/www.footballinsider247.com\/static\/uploads\/1\/2022\/08\/GettyImages-1366250376_1200x824.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The 49ers already owning a large stake in Leeds prior to the takeover helped to accelerate the process, and they are now set to take the reins of control from Radrizzani ahead of the start of the 2023\/24 season.<\/p>\n\n\n\n<p>Leeds are expected to announce 49ers President Paraag Marathe as the club\u2019s new chairman.<\/p>\n\n\n\n<p>In other news, <a href=\"https:\/\/www.footballinsider247.com\/kieran-maguire-leeds-fans-will-love-takeover-update-after-agreement-reached\/\">Leeds United fans &#8216;will love&#8217; update after agreement reached<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The full takeover of Leeds United by the investment arm of the 49ers will be finalised imminently after being given the green light by the EFL. The Yorkshire club is in the process of being taken over by the American investment group after a deal was struck with former owner Andrea Radrizzani. The 49ers already <em>&#8230;<\/em><\/p>\n","protected":false},"author":122,"featured_media":515545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverart":"\"\"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_sections":"\"\"","_grv_disable_ads":false,"grv_featured_categories":""},"categories":[7,4,3583],"tags":[764],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/515499"}],"collection":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/users\/122"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/comments?post=515499"}],"version-history":[{"count":2,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/515499\/revisions"}],"predecessor-version":[{"id":515554,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/515499\/revisions\/515554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/media\/515545"}],"wp:attachment":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/media?parent=515499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/categories?post=515499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/tags?post=515499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}