Leeds United chairman Andrea Radrizzani has agreed a deal to sell his controlling stake in the soccer club to co-owners 49ers Enterprises.
The American investment group, owner of NFL franchise the San Francisco 49ers and a minority shareholder in Leeds since 2018, will now take full ownership of the soccer club.
“Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club,” said Leeds.
“Both parties continue to work through the details, and further updates will be provided soon.
“All of our focus remains on a quick return to the Premier League.”
49ers Enterprises increased its stake in Leeds to 44% in 2021 with the option of buying Radrizzani’s remaining 56% before January 2024.
The American investment group had been keen to complete a full takeover this summer — but that agreement, which had valued Leeds at roughly £400 million, was contingent on Leeds remaining in the Premier League.
Leeds’ relegation led to new negotiations and a new valuation of about £170 million has been agreed.