The Leeds United chairman spoke at the Financial Times Business of Football Summit.
Leeds United chairman Paraag Marathe claimed that 49ers Enterprises and Red Bull have had no negotiations about a full takeover at Elland Road.
The Whites’ chief was speaking at the Financial Times Business of Football Summit, where he highlighted the composition of Leeds’ ownership as well as speculation about a Rangers takeover.
Red Bull purchased a minority stake in the Championship club last summer, following the Whites’ disappointing Championship play-off final loss to Southampton. The two parties agreed to a multi-year deal in which the company became the club’s “exclusive energy drink partner” and the front-of-short sponsor for the 2024/25 campaign.
The organization has a global portfolio of teams, although it has caused controversy in Austria, where FC Red Bull Salzburg altered its name, emblem, and stadium name following an acquisition in 2005. The size of Elland Road’s minority share is unknown, but it is believed to be a large investment.
The decision to invest in Leeds United raised concerns among Whites fans that the club would follow in the footsteps of RB Leipzig, the New York Red Bulls, and the aforementioned Salzburg club. However, Leeds stressed that there would be no name change for the club.
Marathe stated at the time of the investment: “I am thrilled that Red Bull is joining us to build a bright future for Leeds United and shares our deep respect for this truly special club.” As Chairman, our consortium of investment partners will be crucial to me as we approach this pivotal time for the club, both now and in the future. Red Bull’s signing is a historic step that will help the club realize its maximum competitive potential.”
Oliver Mintzlaff, Red Bull CEO Corporate Projects and Investments, stated, “We are thrilled to be a key component and partner of Leeds United. A club that is undoubtedly one of the biggest in England, with a long and prosperous history. The desire to return Leeds United to the Premier League and establish themselves in the world’s top football league aligns perfectly with Red Bull. We look forward to the collaboration and are hopeful about the future.”
The club also stated that “the name and logo of Leeds United Football Club will remain unchanged”. However, supporters were concerned that Red Bull’s investment might lead to another buyout at Elland Road.
Marathe has reaffirmed that there have been no conversations about a purchase of the club, and that the size of Red Bull’s deal will expand if Leeds win promotion at the end of the current season.
In statements quoted by writer Ben Jacobs, Marathe stated: “That is not contemplated at all. There is no vocabulary to convey this effect. It’s something we’ve never discussed.”
Marathe also kept quiet on a potential takeover of Scottish Premiership club Rangers, despite ongoing reports of talks with 49ers Enterprises.
“I can’t really comment on whatever rumours might be out there,” replied Marathe. “However, we are looking into other opportunities. It is possible to reproduce the passion [of Leeds].
“What we’re seeking for are clubs with strong foundations, a track record of success, and room to grow. And if you are a sports fan who loves and treats it as a way of life, as I do, then there is surely enough room in your heart to love all of your sports properties, just as there is to love all of your children.”
