Soccerlens.com · Jan 25, 2021
Fans react as San Francisco 49ers increase Leeds United ownership stake
According to reports from The Athletic, N.F.L’s San Francisco 49ers have announced that they have increased their ownership stake in Leeds United to 37%.
In 2018, San Francisco 49ers purchased 10% ownership of Leeds. After several months of discussions, and following Leeds’ promotion to the Premier League, they have now increased their shareholding.
According to the New York Times, Paraag Marathe, the 49ers executive who has held a seat on the Leeds United board since San Francisco’s initial investment in 2018, has been appointed as Leeds’ new vice-chairman.