San Francisco 49ers increase stake in Leeds United to 37 per cent

Paraag Marathe, president of 49ers Enterprises, becomes the club’s vice-chairman

 “Our 49ers Enterprises team has always shared Andrea’s vision for constructing a powerful and winning club in the most competitive football league in the world,” said Leeds new vice chairman Paraag Marathe.  Photograph: Jon Super/PA

“Our 49ers Enterprises team has always shared Andrea’s vision for constructing a powerful and winning club in the most competitive football league in the world,” said Leeds new vice chairman Paraag Marathe. Photograph: Jon Super/PA

 

The San Francisco 49ers have increased their stake in Leeds United to 37 per cent, the Premier League club have announced.

Paraag Marathe, the president of 49ers Enterprises who was already a member of the Yorkshire club’s board, becomes the Whites’ vice-chairman.

Leeds chairman Andrea Radrizzani said: “We are delighted to welcome further investment into our club from 49ers Enterprises and I am confident that this latest partnership will help Leeds United continue to grow and develop into the team our supporters deserve.

“I have always been open to bringing partners on this journey with me, as long as these actions can benefit the long-term strategy of the club.

“Paraag and the team at 49ers Enterprises are uniquely positioned to collaborate with myself, [chief executive] Angus Kinnear, [director of football] Victor Orta and our management team to help us achieve our goals.”

The 49ers bought an initial 15 per cent stake from majority owner Radrizzani in 2018. Radrizzani took a controlling stake in Leeds in 2017.

Marathe said: “Our 49ers Enterprises team has always shared Andrea’s vision for constructing a powerful and winning club in the most competitive football league in the world, and the experience of the last three seasons has been more exhilarating than we could have ever imagined.

“The hard work and bold leadership demonstrated by Andrea and his talented team has restored Leeds United’s rightful place in the Premier League and we look forward to playing an even bigger role in supporting their efforts to climb the table this year and into the future.”

Leeds’ announcement said Marathe would be “more involved in the decision-making process and day-to-day operations” following the increase in the 49ers’ stake.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.