Massimo Cellino has sold a 50 per cent stake in Leeds United to Andrea Radrizzani of MP & Silva.
The former Cagliari President acquired the English side in 2014, but has proved unpopular with supporters, not least because of his frequent managerial changes.
Now it has been announced that the co-founder of MP & Silva, which sells rights to Serie A and other Leagues abroad, has bought 50 per cent of the club.
Massimo Cellino has sold a 50 per cent stake in Leeds United to Andrea Radrizzani of MP & Silva.
The former Cagliari President acquired the English side in 2014, but has proved unpopular with supporters, not least because of his frequent managerial changes.
Now it has been announced that the co-founder of MP & Silva, which sells rights to Serie A and other Leagues abroad, has bought 50 per cent of the club.
“Leeds United Football Club today confirms the completion of an investment by Aser Group Holding, through it's acquisition vehicle Greenfield Investment Pte Ltd, in 50 per cent of the Club's share capital,” a statement announced.“
The agreement is between Massimo Cellino, and Andrea Radrizzani, who is Founder and Group Chairman of Aser Group Holding, the successful Co-Founder of international sports media rights company MP & Silva and a leading figure in the sports media industry over the past two decades.”
In good news for Leeds fans, the new investor has made clear his backing of the club’s manager, Garry Monk.
“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.”