REPORT: Italian businessman ‘close’ to buying major stake in Leeds United

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Leeds United are set to enter fresh takeover talks with Italian businessman Andrea Radrizzani, one of the three founding partners of Media Partners and Silva Limited, a worldwide based media rights company.

Dan Roan of BBC Sport confirmed on Twitter earlier today that the Italian is seeking to buy a major stake in Leeds United:

In addition, Roan also stated in another Tweet that the future for Massimo Cellino is unknown. It is yet unclear if the Italian seeks to buy a majority stake in Leeds United which would mean that Massimo Cellino would no longer own the club, but Dan Roan also added that the deal is “close”:

What has been made clear is the fact that Radrizzani has been present at both the 2-1 victory over Atalanta at Elland Road and the 3-0 defeat by Queens Park Rangers at Loftus Road.

The MP & Silva company is based in London but has offices worldwide. In 2013, they secured the broadcasting rights to Premier League football in 51 different countries. In more recent time, the company boasts the rights to show coverage of the Formula One season to numerous countries.

Leeds were linked to a Chinese based consortium take-over earlier this month and this could still be the case as in May 2016, the MP & Silva company had a 65% stake in the business purchased by Everbright securities and Beijing Baofeng Technologies, two Chinese based companies. Radrizanni was recently named the International President of Baofeng Sport International.

It is unclear whether or not the consortium in question led by Harrogate-born Leeds United fan Steve Tappin is linked to the current takeover plans.

According to reports, the business had gained a net worth of $350million in 2014 under the management of Andrea Radrizzani. He instigated the deals in which the business purchased the rights to partner with companies such as FIFA, the Premier League and Arsenal FC media.

The company boasts an impressive portfolio. They were the main distributor of transmission all over the globe for the duration of the FIFA World Cup in 2014 in Brazil and also provided transmission of football from the Premier League, La Liga, Ligue 1, Bundesliga, the MLS and numerous others.

According to The Financial Times (ft.com), Radrizzani and his co-founders’ of MP & Silva had a 40% value of over $1billion. The company also boasts that they have funded everything from scratch and have no debt.

MP & Silva brought in revenue figures of $750million in just 2014/15 alone.