Media mogul and YouTube co-founder Chad Hurley has joined the likes of NFL franchise San Francisco 49ers in investing in Leeds United.
It was announced on Monday that the American Football club had increased their stake from 15% to 37%. 49ers Enterprises president Paraag Marathe has now been named Leeds vice-chairman, with £50m reportedly invested.
Their initial investment came back in 2018 but the Whites’ elevation to England’s top division has seen them up their stake. Majority owner Andrea Radrizzani has welcomed the injection of cash, which has been bolstered by Hurley’s addition.
Hurley took to Twitter to announce the news and made it clear he is far from the only new investor.
He tweeted: “Breaking! Following my previous investments in the Golden State Warriors and Los Angeles Football Club, I’m proud to announce I’m joining the ownership group of Premier League club Leeds United.
“See you soon at Elland Road! #MarchingOnTogether”.
And, replying to a fan comment, he added: “They [49ers] led the investment round, I’m investing along side them with a few others… can’t reveal more deals yet. But it’s a great group!”
Radrizzani took a 50% share of the Elland Road outfit in January 2017. He bought the remaining 50% shares from previous co-owner Massimo Cellino in May of that year.
His purchase ended a tumultuous few years in the club’s history. And the Italian was pleased that he now has a few more heavyweights on board the project.
“We are delighted to welcome further investment into our club from 49ers Enterprises and I am confident that this latest partnership will help Leeds United continue to grow and develop into the team our supporters deserve,” he said.
“I have always been open to bringing partners on this journey with me, as long as these actions can benefit the long-term strategy of the club.
“Paraag and the team at 49ers Enterprises are uniquely positioned to collaborate with myself, Angus Kinnear, Victor Orta and our management team to help us achieve our goals.”
Bielsa to keep powder dry
With just a few days of the transfer widow remaining, manager Marcelo Bielsa has time to recruit new players. But the Argentina tactician does not feel there will be any new additions this month.
It was thought he might look for a striker to help Patrick Bamford but he seems content with what he has.
“I feel we can finish this season with these players,” he said.