Leeds United Football Club today confirmed the finalisation of an investment by Aser Group Holding, through it's acquisition vehicle Greenfield Investment Pte Limited, in 50% of the club's share capital.
An agreement has been reached between United owner Massimo Cellino, and Andrea Radrizzani, a 42 year-old Italian businessman and the founder and chairman of Aser Group Holding, the highly successful co-founder of international sports media company MP & Silva. Radrizzani has been an influential figure in the sports media industry over the past two decades.
In a statement published on Leeds United's official website, Radrizzani expressed his delight at acquiring a 50% stake in the Whites:
"I am delighted and proud to have acquired a 50 per cent stake in such a prestigious football club as Leeds United," commented the Italian. "I am excited by the challenge ahead and I will work alongside Massimo and everybody at the club to make Leeds United as successful as possible."
"I am fully aware of the great heritage and traditions of Leeds United and I will endeavour to be a fitting custodian on behalf of the many thousands of Leeds supporters, who are the lifeblood of the club.
"I am making a long-term commitment to Leeds United and will work to bring stability through ongoing investment. I aim to bring sustainable growth. I won't do anything that will put the club's future at risk.
"Through working in the sports industry for many years, I have developed a great passion for the English game and I am honoured to have become joint owner of one of the country's biggest clubs.
"I am very impressed the job Garry Monk has done this season and I will do all I can to support him and the team moving forward.
"The responsibility is on myself, Massimo and the executive management at the Club to work together over the coming months to provide the best platform and environment for Garry and the team to achieve success.
"My immediate priorities over the coming weeks are to meet with Garry and the team; the Club staff at Elland Road and Thorp Arch; supporters' representatives; former players and media."
Sky Sports News has referenced unnamed sources who have claimed that Radrizzani, 42, reserves the option to purchase the entirety of the club's shares come June.