Sky Bet Championship: Italian businessman Andrea Radrizzani acquires 50% of Leeds United FC

The Italian businessman Andrea Radrizzani has acquires 50% of the capital of Leeds United FC (Sky Bet Championship), announced the club on 04/01/2017. This purchase has been made via the investment company Greenfield Investment Pte Ltd, a subsidiary of Asher Group Holding, owned by the Italian. Massimo Cellino, who had previously acquired all shares of the club in two transactions in January 2014 (75%) and on 09/09/2016 (remaining 25%), thus retains 50% of the club.

Andrea Radrizzani is president of Baofeng is president of Sports (sports branch of the investment conglomerate Beijing Baofeng Technology Co Ltd) since 08/06/2016. He is also founder and CEO of the British broadcastign group Eleven Sports Network, and one of the founders of MP & Silva, the British marketing and media rights agency. "My first priority will be to study carefully the situation with the Elland Road (stadium of Leeds United) contract, the option to buy it back, to look at what it also brings in terms of financial cost for the club and to study the alternatives," said Andrea Radrizzani on 16/01/2017.

The…