Leeds United have grown exponentially under Radrizzani, not only as a team but also as a business. And thanks to having such a huge fan base before promotion, Leeds is likely on the radar of many businessmen, with QSI’s interest being well documented over recent months.
Now, The Financial Times report that Radrizzani has rejected an approach for the outright purchase of the club, only opening the possibility of minority stake investment for any possible investors.
After promotion to The Premier League, the Italian values the club at between £270 million and £300 million, as he one day aims for Leeds to be a £1 billion club.
“The target in five years is to be behind the ‘Big Six’. If we get there in terms of sports results and we have a very solid buisiness... then we can be [worth] in the region of £600m-£1bn.“
Chairman @andrearadri looks ahead to the start of the season with @FT CEO and #LUFC fan John Ridding pic.twitter.com/nAEdLafaZJ— Leeds United (@LUFC) September 11, 2020
The Financial Times went on to report that QSI are still interested in a full takeover of Leeds United, but it is unknown if they are the ones who has an approach rejected.
“The 49ers are interested, Qatar is interested, there are other parties interested, it’s more important to have a shared vision and strategy, and they are comfortable with what I want to build and achieve.,“ said Radrizzani.
The report also revealed that Leeds took a hit of £30m-£40m worth of revenue due to the pandemic, while the sponsorship deal with SBOTOP is worth £9m-£10m.
Meanwhile, Radrizzani is exploring the possibility of a ‘factoring deal’, borrowing money against the future income from broadcasting rights, which could be worth between £30m-£50m. But big changes can only be made if Leeds become a Premier League main-stay, with The Whites opening their campaign at Anfield in a thrilling encounter.
Radrizzani is clearly enjoying his time at the club, having achieved his goal of promotion, he now seemingly has a determination to lead the club into more growth as a club and as a business.