Sampdoria have been spared from the blushes of absolute embarrassment by Leeds United owner Andrea Radrizzani. The Radrizzani-Manfredi coalition might have saved the Italian club from the clutches of bankruptcy, but only at the expense of the English club Radrizzani chairs.
As per The Athletic, Leeds United’s Elland Road Stadium has been used as security for a €30M loan to help acquire Sampdoria from Italian bank Banca Sistema. Essentially set up as a collateral by Radrizzani, the move has angered Leeds fans, who are still reeling from the club’s relegation to the second-tier from the Premier League.
Exclusive: Leeds United’s chairman Andrea Radrizzani offered to use the club’s Elland Road stadium as security for a £26m bank loan which his company, Aser, and a bidding partner, Gestio Capital, intended to use to complete a takeover of Sampdoria.
? @AdamCrafton_ and @PhilHay_
— The Athletic | Football (@TheAthleticFC) June 1, 2023
Moreover, Radrizzani was not present at Elland Road last weekend as Leeds lost 4-1 to Tottenham Hotspur – a result that confirmed their relegation to the Championship. Instead, he was busy negotiating a deal in Genoa with Massimo Ferrero to buy Sampdoria.
The football magnate’s actions has annoyed the Leeds faithful, who have called for him to sell the club completely to 49ers – the minority shareholders of the club.
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