Leeds United: Westfield mogul Lowy issues ultimatum over £2bn project Sport Business Leeds United director and Westfield tycoon Peter Lowy has urged government to speed up plans for a multi-billion-pound redevelopment of the city. The Premier League club’s American owners, 49ers Enterprises, have begun work on expanding Elland Road by more than 15,000 seats to a 53,000-capacity stadium. But they want to make it the centrepiece of [...]
Who owns each Premier League club as US shareholdings boom? Sport Business British firms or individuals are the biggest shareholders in just five Premier League clubs as US ownership booms ahead of the new season. Tony Bloom’s 96 per cent shareholding in Brighton and Hove Albion is the largest British stake in a Premier League club while Matthew Benham’s significant holding in Brentford is the only other [...]
Multi-club ownership: Why EFL rule change will help in transfer market Sport Business While multi-club ownership across the football industry continues to grow and remains a headache for Uefa, the EFL has gone the other way and taken the decision to remove restrictions for member teams to invest into sides across Ireland and Scotland for the first time. Under new regulations coming into effect next season, the EFL [...]
Rangers takeover: 49ers promise to attract better sponsors and signings June 24, 2025 The San Francisco 49ers will lend a “global gravitas and awareness” to Rangers that helps them attract more lucrative commercial deals and better signings, says the Scottish club’s new vice-chairman Paraag Marathe. A US consortium spearheaded by private healthcare businessman Andrew Cavenagh and 49ers Enterprises, the investment arm of the NFL franchise which also owns [...]
49ers consortium completes takeover of Rangers FC May 30, 2025 The investment arm of the San Francisco 49ers are part of a consortium that has completed the takeover of Scottish football club Rangers. The group is led by private healthcare magnate Andrew Cavenagh, who will become the Scottish Premiership club’s chairman, and has completed a 51 per cent takeover of the Ibrox club. Current chairman [...]
Red Bull diluted: Energy drink giant reduces stake in Leeds United May 21, 2025 Red Bull’s stake in Leeds United has reduced to below 10 per cent after the German energy drinks company declined the opportunity to invest in the issue of £120m of new shares ahead of the club’s return to the Premier League. The new funding has been provided by members of the 100-strong consortium of investors [...]
Leeds United owners go into business with New Zealand Cricket April 24, 2025 New Zealand Cricket is going into business with the owners of Leeds United, 49ers Enterprises, to launch an expansion team in Major League Cricket. The franchise is set to join the US-based T20 competition in 2027 and will benefit from expertise and personnel – which could include coaches, staff and players – from New Zealand [...]
Leeds United and NFL team owners in talks to buy hard-up Rangers February 20, 2025 Rangers look set to become the latest British football club to get American owners – as revealed by City AM six months ago. The Glasgow giants are reportedly in advanced talks with a consortium led by Paraag Marathe, the chairman of Leeds United and a vice-president of NFL team the San Francisco 49ers’ investment arm, [...]