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Cellino sells 50% stake in Leeds United

billy bremmer

Published at 3:27pm 4th January 2017. (Updated at 4:42pm 4th January 2017)

Leeds United owner Massimo Cellino has sold 50% of his stake in the club.

Today the club has confirmed the completion of an investment by 42-year-old Andrea Radrizzani, who is founder and Group Chairman of Aser Group Holding.

Mr Radrizzani is also the co-founder of international sports media rights company MP & Silva.

Andrea Radrizzani said: "I am delighted and proud to have acquired a 50 per cent stake in such a prestigious football club as Leeds United. I am excited by the challenge ahead and I will work alongside Massimo and everybody at the club to make Leeds United as successful as possible.

"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.

"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.

"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.

"I am very impressed the job Garry Monk has done this season and I will do all I can to support him and the team moving forward.

"The responsibility is on myself, Massimo and the executive management at the Club to work together over the coming months to provide the best platform and environment for Garry and the team to achieve success.

"My immediate priorities over the coming weeks are to meet with Garry and the team; the Club staff at Elland Road and Thorp Arch; supporters' representatives; former players and media."