Statement from the club.
Today, Leeds United Football Club can announce that the EFL has approved the sale of the Club to 49ers Enterprises, paving the way for the immediate transition of ownership.
Paraag Marathe, 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 2023-2024 season. Marathe takes over from Andrea Radrizzani, who has been majority owner of Leeds United since 2017. Angus Kinnear, CEO of Leeds United and Board member, will remain in his current position, and continue to direct the Club’s day-to-day operations. Rudy Cline-Thomas, Founder and Managing Partner of MASTRY, will join the Board as Co-Owner and Vice Chairman of the Club.
“This is an important moment for Leeds United and we are already hard at work,” said Marathe. “This transition is a necessary reset to chart a new course for the Club. We have already appointed a highly-respected First Team Manager with a track record of success, and we are confident Leeds will field a competitive squad to contend for promotion next season. It’s a privilege to carry this torch as I know we have a responsibility to ensure this Club makes our staff, players, supporters, and the Leeds and Yorkshire communities proud."