Affiliated financial group Niners increased its investment in the Premier League by 22%
Investment entity affiliated with San Francisco 49ers the NFL, 49ers Enterprises, has increased its minority stake in Leeds United at 37%, the team announced on Monday.
The additional investment represents a 22% increase in the initial interest earned by 49ers Enterprises in 2018 and will result in Paraag Marathe, the executive vice president of football operations for 49ers, became vice president of Leeds United. Marathe, who is also president of 49ers Enterprises, will retain his place as a member of the board of the English Premier League club.
President Leeds United, Andrea Radrizzani, will remain the majority owner and president of Leeds.
“We are excited to receive additional investment in our club from 49ers Enterprises and I’m sure this recent partnership will help you Leeds United to continue to grow and become a team that our fans deserve, “Radrizzani said in a statement.” I have always been open to bringing partners in this journey with me, provided that these actions can benefit from the long-term strategy of the club. “
The initial association between Leeds United and 49ers It coincided with the club’s promotion to the English Premier League for the first time since its relegation after the 2003-2004 season.
“Now that we have been promoted and started the new campaign positively, there is no better time to look to the future, as our goal is to take this club to the next level, initially becoming a dedicated Premier League team before pursuing us. the dream of driving Leeds United back in Europe, “Radrizzani added.” We also need to focus on realizing our business potential and developing Ellan Road and our training facilities. “
Marathe oversaw the development of Levi’s Stadium, the $ 1.3 billion stadium. 49ers which opened in 2014 and is closely involved in the team’s salaries and statistics department. As Vice-President of Leeds, he and the Vice-President 49ers Enterprises, Collin Meador, “will be more involved in decision-making and day-to-day operations,” the statement said.
“Our team of 49ers Enterprises he always shared Andrea’s vision [Radrizzani] to build a strong and winning club in the most competitive football league in the world and the experience of the last three seasons has been more interesting than we could have imagined, “said Marathe.
“The hard work and bold leadership shown by Andrea and her talented team have given us the right place. Leeds United 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 in the future. “
Leeds United they are currently ranked 12th in the Premier League and face Newcastle United on Tuesday.