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Leeds owner under pressure

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An extract from today's Telegraph

Leeds United owner Andrea Radrizzani’s sports firm, Eleven Sports UK, is at risk of closure in a development which could have ramifications for the Championship club.

Radrizzani’s sports streaming service is in danger of shutting down after only four months, amid growing doubts over the financial viability of the company.

The 44-year-old Italian businessman is understood to have sought guarantees from insurers over financial assistance should the club still be in the Championship next season.

It is believed that Radrizzani has been unsuccessfully attempting to renegotiate deals with established pay-TV operators but Eleven Sports has considered the prospect of pulling the plug on its UK company.

It is claimed he owes up to £30million in rights fees to clients including mixed martial arts company UFC, Serie A, La Liga and the Eredivisie.

Telegraph Sport understands there could now be added pressure on Leeds to achieve promotion this season because of fears over cash-flow issues. Leeds insist that it is business as usual, and sources have said Radrizzani is in talks to restructure the UK company and is hopeful of finding a solution.

 

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Ha! Ohhhh Leeds. Something always goes wrong for them doesn't it?

If it isn't their players cocking up on the pitch, it's their overseas stinking rich owner cocking it up off it!

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