Leeds United FC: 49ers Enterprises sole shareholder of the club, Paraag Marathe (USA) named chairman

The EFL has approved the sale of Leeds United FC (relegated to the Sky Bet Championship for the 2023-24 season) by investment company Aser Ventures, until then majority shareholder (56%), to minority shareholder 49ers Enterprises (44%), announced the club on 17/07/2023.

The investment arm of the San Francisco 49ers (NFL) had formed a strategic partnership with Leeds United and acquired 15% of its capital in May 2018, before increasing to 37% in January 2021 and then to 44% in November 2021. An agreement for this sale was announced on 09/06/2023. The English club had been owned since May 2017 by Aser Ventures, a specialist sports and media company owned by Italian businessman Andrea Radrizzani.

"Paraag Marathe (USA, president of 49ers Enterprises), previously vice chairman and board member of the club, will take over as Leeds United chairman. In this role, Marathe will oversee all aspects of the club, including football and business operations, and drive the strategy to fight for promotion back to the Premier League in the 2023-24 season. Marathe takes over from Andrea Radrizzani…