Leeds United’s majority shareholder, 49ers Enterprises, has reaffirmed its commitment to the club despite reports of takeover talks with Scottish Premiership side Rangers. The 49ers insist they remain dedicated to Leeds and are looking forward to the upcoming Premier League season.
Rangers confirmed talks with the prospective takeover consortium, led by Andrew Cavenagh and Paraag Marathe, who is also Leeds chairman. The discussions aim to acquire control of the club and inject additional capital to support Rangers’ long-term direction and ambitions.
The news had sparked concerns among Leeds supporters about the potential impact on the club. However, a spokesperson for 49ers’ Global Football Group emphasized the organization’s unchanged commitment to Leeds.
The spokesperson stated that the strength of their commitment, resources, and ambition for Leeds United remains unchanged. They expressed their enthusiasm for competing in the Premier League next season.
Meanwhile, Leeds took a step closer to redeveloping Elland Road stadium, with the sale of necessary land agreed upon with Leeds City Council. The plans aim to expand the stadium’s capacity to over 50,000, making it one of English football’s premier venues.
The redevelopment project is a flagship initiative for the 49ers, and the agreement marks a significant milestone in bringing the plans to life. With Leeds set to compete in the Premier League, the redeveloped stadium will likely enhance the fan experience and provide a boost to the club’s revenue.
