Leeds United look set to receive a major boost with new investment set to hit LS11.
Owner Andrea Radrizzani is apparently set to sell a minority’s stake in the club to foreign investors in order to boost the clubs finances.
Leeds finished the financial year with a profit of around £1million but made losses in overall operating costs.
Many of the financial strain will have fallen down to the incredible £25million on player transfers with an incoming £15 from the sales of Chris Wood and Charlie Taylor.
With failing to reach a previously projected 6th place finish by owner Radrizanni, it’s evident that Leeds need to invest this summer in order to improve.
To do this successfully, Radrizanni has decided to allow a sale of 10% of his shares in order to allow for any investment to be converted straight into ready made transfer funds.
Although the tour of Myanmar may be unrelated, the links to Acer and Eleven Sports means that Leeds’ owner could be partnering up with someone he already knows.
Do you think that the club will reinvest any money from the sale of shares? Have your say in the comments below.
By Ryan Ingham