Andrea Radrizzani ‘offered Elland Road as security’ in £26m loan to help takeover LUFC
Leeds chairman Andrea Radrizzani reportedly offered up Elland Road as collateral when securing a £26million bank loan to buy Sampdoria., who is the Whites' majority owner, recently announced he had agreed to purchase the newly-relegated Serie A side.Radrizzani offered up the stadium when securing a bank loan of £26m to buy Sampdoria, an agreement in principle saw him offer up Leeds' stadium when acquiring the funds needed to assume control of the Italian outfit.
The news outlet states that Radrizzani took out a £26m loan from Italian bank Banca Sistema - where he was willing to useIt has been said that the ground could act as security for Radrizzani for up to ten years. Though they have declared that it is unknown whether Elland Road was included in the final deal, or if he used a different route to secure the loan.
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