The power shift at Leeds United has reached its formal conclusion, with Companies House revealing the club’s new board and ownership structure.
The Athletic reports that 49ers Enterprises had completed the purchase of the club from Andrea Radrizzani in July, but the details of the ownership change were only revealed last week.
Former Leeds vice-chairman, Paraag Marathe, has assumed the role of chairman, taking charge of the club’s management since mid-summer.
United States entrepreneur Rudy Cline-Thomas, who is one of the significant investors in 49ers, has taken the reins as vice-chairman.
Both Maranthe and Cline-Thomas have taken a hands-on approach to the management of the club despite being based in the United States.
Existing directors Angus Kinnear and Peter Lowy have retained their positions in the boardroom, with Kinnear overseeing the club’s day-to-day operations in the United Kingdom.
The option to include 49ers vice president, Collin Meador, on the board was considered, but there has been no development on that front.
Radrizzani’s departure serves as the most significant change in the boardroom, with the Italian parting ways with the Yorkshire outfit after six years as owner, chairman and director.
The relationship between Radrizzani and 49ers became strained, ultimately leading to his exit in September despite speculation that he could maintain a minor shareholding at the club.
Ownership of Leeds’ home ground is set to transfer to a company called Elland Road Ltd, created in December 2020.
49ers had previously held a minority stake in the stadium, with Radrizzani retaining a 71% share. However, the change in stadium ownership is expected to be registered at Companies House soon.
The key priorities are to ensure Leeds flourish on the pitch and enhance stadium development plans to meet Premier League standards.
With the club’s ongoing search for scouting roles and other first-team support staff, it is clear that changes in the internal structure are still in progress.
The appointment of a Chief Operating Officer is also in the pipeline, allowing 49ers to have more oversight of the club’s operations.
