Italian businessman Andrea Radrizzani in “advanced negotiations” for Leeds United takeover

After months of rumours surrounding a potential takeover of Leeds United, Italian businessman Andrea Radrizzani has finally opened up about his interest in acquiring the club.

Back in August it was reported that Radrizzani , who is the co-founder of media rights group MP & Silva, was holding talks to buy a major stake in the club.

Less than four weeks later, Massimo Cellino acquired full ownership of Leeds after buying GFH Capital’s 18% shares in the club. It is believed that Leeds became 100% owned by Cellino’s Eleonora Sport Limited to make the club more appealing to a new buyer.

During a recent interview, Radrizzani has revealed that he is in “advanced negotiations” with Cellino to buy the Championship club.

Radrizzani told the Straits Times: “Massimo has 100% now and if I do the deal, I will enter the club during this season with 50% and have the option to buy him out completely in June next summer.

“Leeds are exciting. They are a sleeping giant as everyone knows. Probably the only big brand left in English football that could grow in terms of value.”

This news comes after Radrizzani visited Elland Road to watch Leeds lose to Newcastle last weekend.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →