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Leeds is targeting Eurosoccer after the San Francisco 49ers bought an additional £ 50m in shares at the Premier League club

Leeds United welcomed the £ 50m Megabucks deal with the San Francisco 49ers and turned to the top six.

After the club was valued at £ 280m, the 49ers increased their stake in the Premier League’s new boys to 37%.

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Premier League new boy Leeds has a lofty plan to reach EuropeCredit: Reuters

This means that their total stake is currently worth £ 103m.

Negotiations have begun urgently to secure Marcelo Bielsa’s long-term future, and a large transfer war chest will be offered this summer.

Owner Andrea Ladrisani, who bought the club for £ 45m in 2017, wants to repeat the tremendous rise in Leicester City.

The Italian released his blueprint, saying the club is aiming for European football by 2024.

He told Sun Sport: “Our model is Leicester City. We share a lot within the company.

“If there’s a club I admire when it comes to managing football, it’s Leicester.

“Our plan is ambitious. We see our purpose very clearly. We want to create a club right next to the top clubs.

“We have clear and common goals together.

Andrea Ladrisani wants to repeat the rise of Leicester City

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Andrea Ladrisani wants to repeat the rise of Leicester CityCredit: Reuters
Leicester won the Premier League significantly against all odds in 2016

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Leicester won the Premier League significantly against all odds in 2016Credits: Getty Images-Getty

“It’s important to stay in the Premier League, and now we have more opportunities with our San Francisco friends.

“We need to close the gap with top clubs and earn much more to get more opportunities in the transfer market.

“We have a five to seven year timeline to build something related to the world of football, and that’s what Leeds wants.

“We want to create a modern club and we have plans.”

Leeds aims to challenge the top six companies in the next few years by doubling revenue, he said.

He added: “Realistically, we’re watching Europa League football in the next three to four years, and that’s what we need to do.

“There’s still a long way to go to get there. I’ll give you five to seven years for Leeds United, which I dream of.”

Andrea also announced plans to refurbish Elland Road to become “a symbol of our ambition and modernization.”

The San Francisco 49ers belong to the most iconic team in the world

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The San Francisco 49ers belong to the most iconic team in the worldCredit: USA TODAY Sports

Paraag Marathe, Vice Chairman and Chief Executive Officer of the 49ers, said:

“This is clearly the club I belong to, and this is just the beginning of a long journey.

“This is not just a simple fix.

“This is to build something that lasts longer than my and Andrea’s career.

“This marks the beginning of what we see 20, 30 and 40 years later for Leeds to become one of the most powerful and best clubs in the world.

“This is not a flash of a pot hanging on a shoelace.

“This is where we want to stay, and as competition intensifies to compete in Europe and larger tournaments, it also brings more financial resources.

“We have the know-how, talent, expertise, and blueprints to put together a plan and carry out the exercise of implementing that vision.

Leeds wants to secure the future of Marcelo Bielsa and give him a treasure chest of transfer wars in the summer

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Leeds wants to secure the future of Marcelo Bielsa and give him a treasure chest of transfer wars in the summerCredit: AP: Associated Press

“This is everyone’s club and I feel a great responsibility to be successful.

“This is just one step in the journey. We have never arrived and we are never the end.”

After several months of negotiations, an agreement was reached.

Funds are unlikely to be released before the end of the January transfer period, and Bielsa is famous for hesitating to buy in the winter.

Forty-niners paid £ 11m to a 15% stake in the club in 2018 and is already on the board.

Malate continued: “The sky is the limit of Leeds.”

Leeds is the latest Premier League club to see large investments from the NFL franchise.

The Glazer family, which owns the Tampa Bay Buccaneers, has dominated Manchester United since 2005.

Arsenal is backed by Los Angeles Rams owner Stan Kroenke, and Fulham is owned by Shahid Khan, who also owns Jacksonville Jaguars.

Champions Liverpool is managed by Fenway Sports Group, the owner of the Boston Red Sox baseball.

Crystal Palace and, more recently, Burnley have also been attracting US investment in recent years.

Classy Leeds star Patrick Bamford donates £ 5,000 to fund the iPad for elementary school students struggling to learn from home



Leeds is targeting Eurosoccer after the San Francisco 49ers bought an additional £ 50m in shares at the Premier League club

Source link Leeds is targeting Eurosoccer after the San Francisco 49ers bought an additional £ 50m in shares at the Premier League club

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