EFL approves sale of Leeds

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The English Football League (EFL) approved the sale of leeds united in ‘49ers Enterprises’, who will take full ownership of the English Championship club, as Leeds reported a few hours ago. Former Leeds owner Andrea Radrizzani agreed in June to sell his stake to the 49ers group, the investment arm of NFL franchise the San Francisco 49ers which has been a shareholder in Leeds since its initial investment in May 2018.

Paraag Marathe, Leeds’ former vice-chairman, will replace Radrizzani as chairman, Leeds said. “This move is a necessary reset to chart a new course for the club,” Marathe said in a statement. “We have appointed a highly respected first team manager with a track record of success, and we are confident that Leeds will field a competitive team to fight for promotion next season.”

“We have a responsibility to make sure this club does our staff, players, supporters and the Leeds and Yorkshire communities proud.”

Leeds appointed former Norwich City manager Daniel Farke as their new manager two weeks ago, on a four-year deal, to replace Sam Allardyce, who left the club by mutual consent after relegation was completed from the Premier League. .

German Farke led Norwich into the Premier League in his second season before they were relegated to second in 2019-20. They won the Championship and secured an immediate return to the top flight in 2020-21.

Source: La Verdad

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