Radrizzani

[malcolmw]

No faith whatsoever in the 49ers and Bates was a twat.

But Bates never pretended to be anything else.

Radz made out like the purchase of Elland Road was for the club and the fans.

Got tons of praise for it (despite many fans pointing out Leeds United didn't own the ground).

Now he has shown that it was always about him and its his asset.

Why do we always attract the same chancers and liars

Apparently the 49ers own 29% of the company that owns the ground.

Is it even legal to make the offer without telling them?

It isn't legal at all. 2 options here (IF there is any truth to this).
First, if the49ers want to close the deal, they will have Radz in court before his feet touch the ground for negotiating in bad faith. That serves nobody. Radz would know that.

Second, the 49ers want out and so turned a blind eye, and can now extricate themselves from the club for breach of contract.
Also not good for a yone really, but the venture capital guys get to eye their next prey.
Let's all just wait and see, shall we.

[malcolmw]

No faith whatsoever in the 49ers and Bates was a twat.

But Bates never pretended to be anything else.

Radz made out like the purchase of Elland Road was for the club and the fans.

Got tons of praise for it (despite many fans pointing out Leeds United didn't own the ground).

Now he has shown that it was always about him and its his asset.

Why do we always attract the same chancers and liars

Apparently the 49ers own 29% of the company that owns the ground.

Is it even legal to make the offer without telling them?

It isn't legal at all. 2 options here (IF there is any truth to this).
First, if the49ers want to close the deal, they will have Radz in court before his feet touch the ground for negotiating in bad faith. That serves nobody. Radz would know that.

Second, the 49ers want out and so turned a blind eye, and can now extricate themselves from the club for breach of contract.
Also not good for a yone really, but the venture capital guys get to eye their next prey.
Let's all just wait and see, shall we.

[Cjay]

It isn't legal at all. 2 options here (IF there is any truth to this).
First, if the49ers want to close the deal, they will have Radz in court before his feet touch the ground for negotiating in bad faith. That serves nobody. Radz would know that.

Second, the 49ers want out and so turned a blind eye, and can now extricate themselves from the club for breach of contract.
Also not good for a yone really, but the venture capital guys get to eye their next prey.
Let's all just wait and see, shall we.

One thing we can be certain of is its absolutely true.

The Athletic don't go to print without proof or they'd get sued.

They've done articles on Man City, Newcastle, Roman at Chelsea and had there been room to sue you can be sure those people would have.

So this is 100% true.

Maybe the bank rejected it? Who knows.

But Radz made the offer which says everything.

[BradWhite]

Why does he need a loan to secure Sampdoria (28.6m) when he is selling his majority share to the 49ers?

I guess he needed the money quick, but he owns several other companies that he could have loaned from and not banks.

It makes no sense at all unless he had no intention of selling at all.


Andrea Radrizzani has significant control of Elland Road Ltd. (Stadium)

The 49ers didn't know????

Collin Meador of the 49ers is an active director/vice president of Elland Road Ltd.

[Victor_OTT_17]

I said to my wife when Radz bought Elland Road that he will hold us to ransom sometime in the future with the ground. I said he's a businessman no better than Bates! Saw this coming.

With the deafening silence from the 49'ers, the future does not look good! If the 49'ers sell their shares and pulled away from the club, we will be in a mess for years to come...

[Cjay]

Why does he need a loan to secure Sampdoria (28.6m) when he is selling his majority share to the 49ers?

I guess he needed the money quick, but he owns several other companies that he could have loaned from and not banks.

It makes no sense at all unless he had no intention of selling at all.


Andrea Radrizzani has significant control of Elland Road Ltd. (Stadium)

The 49ers didn't know????

Collin Meador of the 49ers is an active director/vice president of Elland Road Ltd.

His statement yesterday definitely sounded like a man who isn't selling.

Phil Hay has said before the relationship between radz and the 49ers is very bad.

Specifically said a bloke whose both on the board of Leeds United and Aser (Radz company that is buying Sampdoria) Marinelli didn't know either.

Kinnear didn't know.

He seems to be doing his own backroom deals and telling nobody he should.

Then again this is a man being sued for fraud on an industrial scale, probably shouldn't be shocked

[Cjay]

Makes sense why his statement was never acknowledged by LUFC now.

We have large board room issues clearly.

[Leeds1000]

I would go along with the statement that he's not going to sell, or the offer from the 49ers doesn't meet his valuation. I don't know how much the 49ers paid for their stake in the club but the silence from them is deafening. "Its his stadium and he can do what he wants with it" was a really poor comment on his part.

So i guess we are potentially stuck with a skint owner again since he has pumped all his spare cash into Sampdoria and half the value of Leeds stadium. I would like to know if the 49ers have invested anything beyond their initial stake? If Radz has propped the club up financially out of his own pocket, hoping to sell big in the PL then i get his logic, its a vast sum of money he will be losing. Its just that the purchase of Sampdoria has thrown a spanner in the works.

[malcolmw]

One thing we can be certain of is its absolutely true.

The Athletic don't go to print without proof or they'd get sued.

They've done articles on Man City, Newcastle, Roman at Chelsea and had there been room to sue you can be sure those people would have.

So this is 100% true.

Maybe the bank rejected it? Who knows.

But Radz made the offer which says everything.

OK, but then something still doesn't add up here (maybe just because it's Leeds and another wacky owner!). Expected from him, but it certainly doesn't say much about the 49ers. Then again, to them we are simply another business asset to be evaluated. Could be a pizza chain or a real-estate business. No different to them.

[BradWhite]

His statement yesterday definitely sounded like a man who isn't selling.

Phil Hay has said before the relationship between radz and the 49ers is very bad.

Specifically said a bloke whose both on the board of Leeds United and Aser (Radz company that is buying Sampdoria) Marinelli didn't know either.

Kinnear didn't know.

He seems to be doing his own backroom deals and telling nobody he should.

Then again this is a man being sued for fraud on an industrial scale, probably shouldn't be shocked

Yet no directors of Elland Rd Ltd knew about it and none of the directors of Leeds United Ltd knew about it, how come they didn't know and how the 'F' did he expect to not to be found out, it's basically backdoor influencing but the banks saw through it but may not be illegal in Italy.

What amazes me is the directors of two companies he has significant control of knew nothing about and yet Phil Hay of The Athletic did Radz also owns the media and broadcasting wing of LUFC. Looks like he has dived the club into various assets.

The relationship with the 49ers and Radz will be completely broken now and the only good outcome is that the 49ers get full ownership.

[BGwhite]

Angus Kinnear is an active director of Elland Road LTD so if he didn't know about it AR has completely shuvved it up the arse of everyone. If he did know about it he is as much to blame about this fiasco as AR. Kinnear was supposedly going to stay at ER to ensure a 'smooth' changeover. Yeah right !

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[malcolmw]

Yet no directors of Elland Rd Ltd knew about it and none of the directors of Leeds United Ltd knew about it, how come they didn't know and how the 'F' did he expect to not to be found out, it's basically backdoor influencing but the banks saw through it but may not be illegal in Italy.

What amazes me is the directors of two companies he has significant control of knew nothing about and yet Phil Hay of The Athletic did Radz also owns the media and broadcasting wing of LUFC. Looks like he has dived the club into various assets.

The relationship with the 49ers and Radz will be completely broken now and the only good outcome is that the 49ers get full ownership.

That's what doesn't add up to me. Nowhere - other than in banana republics - can you go binding fellow shareholders to a financing deal without telling them! The bank would wa t a statement to that effect. So either they do know and, as I said above, want a way out, or we don't have the full story.
Also, don't assume the 49ers want to close this deal!

[Cjay]

Yet no directors of Elland Rd Ltd knew about it and none of the directors of Leeds United Ltd knew about it, how come they didn't know and how the 'F' did he expect to not to be found out, it's basically backdoor influencing but the banks saw through it but may not be illegal in Italy.

What amazes me is the directors of two companies he has significant control of knew nothing about and yet Phil Hay of The Athletic did Radz also owns the media and broadcasting wing of LUFC. Looks like he has dived the club into various assets.

The relationship with the 49ers and Radz will be completely broken now and the only good outcome is that the 49ers get full ownership.

I assume The Athletic were told by a source and they seem to have seen documentation signed by Radz confirming his proposal.

The Athletic will have sources all over the world in all manner of industries, there a huge organisation owned by the equally huge New York Times.

Radz trying to get a deal lined up then force it through after wouldn't be a shock.

He has shown before he isn't against using underhand means to benefit himself (Myanmar).

[Cjay]

That's what doesn't add up to me. Nowhere - other than in banana republics - can you go binding fellow shareholders to a financing deal without telling them! The bank would wa t a statement to that effect. So either they do know and, as I said above, want a way out, or we don't have the full story.
Also, don't assume the 49ers want to close this deal!

You can see in his emails to the Athletic he is a total narcissist.

He may feel entitled to do what he wants.

The Athletic has seen statements and documentation signed by Radz.

So maybe everyone is telling lies, Kinnear, 49ers, everyone and they all knew (in which case we are fooked).

Or Radz has driven another nail into his relationship with the 49ers and smashed an already fragile relationship (in which case we are fooked).

It's telling though that he isn't even communicating with Kinnear.

The club isn't acknowledging his statement yesterday.

He seems to have cut himself adrift from LUFC

[lufc1304]

This whole 'stadium as collateral' thing seems dodgy as f**k. Do we now know that it was rejected by the bank(s) in Italy, or is that more guesswork/speculation? An information vacuum is never a good thing, but especially not at Leeds where we are all paranoid as f**k!!!

Re the Niners silence, perhaps they are simply not media hungry hoors like Radrizzani is and will go public when there is something of substance to say? I don't know, but what seems fairly certain is that this farcical ownership situation is not going to be sorted any time soon.

[BradWhite]

This whole 'stadium as collateral' thing seems dodgy as f**k. Do we now know that it was rejected by the bank(s) in Italy, or is that more guesswork/speculation? An information vacuum is never a good thing, but especially not at Leeds where we are all paranoid as f**k!!!

Re the Niners silence, perhaps they are simply not media hungry hoors like Radrizzani is and will go public when there is something of substance to say? I don't know, but what seems fairly certain is that this farcical ownership situation is not going to be sorted any time soon.

This is why we need independent regulation, they have been against it all along.

[andrewjohnsmith]

I'm just waking up to this news right now. And I'm absolutely sickened.

I put the purchase of Elland Road down as one of Radrizzani's shining moments.

It's totally clear now that he wasn't doing it for the betterment of the club. He was doing it for himself. He was making a (smart) real estate investment. And he was doing it under the disguise of being a shining knight in white armour for the club.

I thought he was brilliant for us in turning us around. Now I just hate the f**king man.

[BGwhite]

I'm just waking up to this news right now. And I'm absolutely sickened.

I put the purchase of Elland Road down as one of Radrizzani's shining moments.

It's totally clear now that he wasn't doing it for the betterment of the club. He was doing it for himself. He was making a (smart) real estate investment. And he was doing it under the disguise of being a shining knight in white armour for the club.

I thought he was brilliant for us in turning us around. Now I just hate the f**king man.

You're not on your own pal. What we don't know is if the other directors of Elland Road LTD knew anything about what Radrizzani was up to. I don't know the repercussions if they didn't know anything and even if they did I suspect the legal ramifications could drag on and on to the detriment of our club.

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[lufc1304]

This is why we need independent regulation, they have been against it all along.

Something has got to change, BW, this is no way to run a football club. Or a business for that matter, right hand not knowing what left hand is doing etc

[Phild]

We know he knows f**k all about football.
The same can be said for his business acumen.
Attempting to mortgage an asset that he does not fully own without consent or knowledge of other asset owners.
Attempted fraud or corruption not sure