Leeds United Football Club confirmed that sports media executive Andrea Radrizzani’s Aser Group Holding, through it’s acquisition vehicle Greenfield Investment, has bought 50% of the club’s share capital.

Leeds United said the agreement is between Leeds’ owner Massimo Cellino and Radrizzani, founder and chairman of Aser Group and co-founder of international sports media rights company MP & Silva.

Radrizzani said: “I am delighted and proud to have acquired a 50% stake in such a prestigious football club as Leeds United.

“I am excited by the challenge ahead and I will work alongside Massimo and everybody at the club to make Leeds United as successful as possible.

“I am fully aware of the great heritage and traditions of Leeds United and I will endeavour to be a fitting custodian on behalf of the many thousands of Leeds supporters, who are the lifeblood of the Club.

“I am making a long-term commitment to Leeds United and will work to bring stability through ongoing investment.

“I aim to bring sustainable growth. I won’t do anything that will put the club’s future at risk.

“Through working in the sports industry for many years, I have developed a great passion for the English game and I am honoured to have become joint owner of one of the country’s biggest clubs.

“I am very impressed the job Garry Monk has done this season and I will do all I can to support him and the team moving forward.”