Massimo Cellino sells 50% stake in Leeds United to new co-owner Andrea Radrizzani

Massimo Cellino has sold a 50% stake in Leeds United to fellow Italian businessman Andrea Radrizzani.

It is believed that Radrizzani, who is the co-founder of media rights group MP & Silva, will take full control over the Championship club next summer.

Back in August it was reported that Radrizzani was holding talks to buy a major stake in the club.

MP & Silva, an international sports agency that provides media rights distribution, digital and technology services, and sponsorship consultancy, has offices in Singapore and London.

Commenting on the acquisition, Radrizzani said: “I am delighted and proud to have acquired a 50 per cent 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.

“The responsibility is on myself, Massimo and the executive management at the Club to work together over the coming months to provide the best platform and environment for Garry and the team to achieve success.

“My immediate priorities over the coming weeks are to meet with Garry and the team; the Club staff at Elland Road and Thorp Arch; supporters’ representatives; former players and media.”

Leeds are currently fifth in the Sky Bet Championship, after winning four of their last five games. The club last competed in the Premier League 13 years ago.

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