After several months of rumour and negotiation, 50 per cent of Leeds United has been sold to Italian businessman Andrea Radrizzani.
Massimo Cellino’s stake reduces to 30 per cent. It may in time reduce further. Radrizzani is understood to have an option to buy the rest of the club in the summer.
After several months of rumour and negotiation, 50 per cent of Leeds United has been sold to Italian businessman Andrea Radrizzani.
Massimo Cellino’s stake reduces to 30 per cent. It may in time reduce further. Radrizzani is understood to have an option to buy the rest of the club in the summer.
Cellino is currently appealing against a 18 month ban from football activity and a £250,000 fine imposed for breaching the Football Association’s agent rules over the sale of Ross McCormack to Fulham in 2014. His suspension is scheduled to begin on 1st February.
Radrizzani made his money with a sports and media agency, recently selling a large stake to a Chinese company to release funds. MP & Silva owns the exclusive distribution rights for the Premier League into south-east Asia until 2019.
‘The Time To Go Massimo’ supporters’ group welcomed the news of the sale, expressing their delight that Cellino had accepted that he needed to step aside to allow the club to move to the next level.