Leeds have officially confirmed the completion of a partial takeover that will see Aser Group Holding, founded and chaired by Andrea Radrizzani, control a 50% stake in the club after agreeing a deal to become joint owner with Massimo Cellino.
Describing himself as 'proud' and 'excited', Radrizzani told LeedsUnited.com, " I am fully aware of the great heritage and traditions of Leeds United and I will endeavour to be a fitting custodian on behalf of the many thousands of Leeds supporters, who are the lifeblood of the club.
�� @LUFC are pleased to confirm the completion of a 50 per cent investment by Aser Group Holding. Read more at https://t.co/4hZaLIvnoC pic.twitter.com/eM0gNlWW3H
— Leeds United (@LUFC) January 4, 2017
"I am making a long-term commitment to Leeds United and will work to bring stability through ongoing investment. I aim to bring sustainable growth. I won't do anything that will put the Club's future at risk," he added.
"Through working in the sports industry for many years, I have developed a great passion for the English game and I am honoured to have become joint owner of one of the country's biggest clubs."
Radrizzani will now concern himself with meeting manager Garry Monk, the playing squad and other club staff in the coming weeks.
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Cellino commented, "I have worked hard for the past three years for Leeds United, we are a massive club, and I feel the only way we can get better is for me to bring in a new partner.
"Andrea is young (42) and brings a new energy with him, as well as having a good experience in the football media business, which is the future for all clubs."