The 49ers’ business side, 49ers Enterprises, will have full ownership of Leeds United
The San Francisco 49ers have been in the business of football – American football, that is – for decades.The 49ers’ business side, 49ers Enterprises, have reached an agreement to complete a full purchase of Leeds United, an English soccer club. The purchase would also include Leeds United’s stadium, Elland Road.that the takeover was imminent, and the team gave Italian football journalist Fabrizio Romano a statement confirming the news.
“Both parties continue to work through the details, and further updates will be provided soon,” the team’s statement read. Leeds was in the Premier League, the top league in England, for the past three seasons but were relegated to the second tier of English football, the English Football League Championship for 2023-24.
The relegation seems to have significantly shifted the financial element of the sale, delaying the process and putting a haul on most club activity — namely, hiring a new manager and making changes to the roster. The Athletic reported the club’s valuation dropped from around $500 million to closer to $210-215 million with the relegation.
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