Sports

Red Bull takes minority ownership stake in Leeds United

Posted on Author admin Comment(0)

[ad_1]

Red Bull has bought a minority stake in Leeds United and will also be their shirt sponsor, the second-tier English Championship side said on Thursday.

The Austrian energy drink company owns a number of clubs, including Major League Soccer’s New York Red Bulls, Germany’s RB Leipzig and Austria’s Red Bull Salzburg, but unlike these teams, Leeds said there would be no change to their name and badge.

“The deal brings in new commercial revenues as well as additional capital investment for a minority ownership stake that will further enable the club to compete on and off the pitch as the club seek promotion next season,” Leeds said in a statement.

Leeds have been owned by 49ers Enterprises, the investment arm of the NFL franchise San Francisco 49ers, since 2023.

They came close to winning promotion to the Premier League this season as they reached the Championship playoff final, where they lost Southampton.

[ad_2]

Source link

Post Views: 15
admin
https://irrawaddythar.store

Related Articles
Sports

Welshman Thomas to lead Ineos challenge at Giro d’Italia

Posted on Author admin

[ad_1] Last year’s Giro d’Italia runner-up Geraint Thomas will lead the Ineos Grenadiers team at the race which starts next month, the British outfit said on Thursday. Former Tour de France winner Thomas, 37, heads an experienced squad that he said will adopt an aggressive approach to the year’s first Grand Tour. “The core is […]
Sports

England speedster Archer targeting T20 World Cup

Posted on Author admin

[ad_1] LONDON : England fast bowler Jofra Archer will not play test cricket this year but is targeting the T20 World Cup in June, managing director for England’s men’s team Rob Key has said. Archer has remained sidelined since May last year with a nagging elbow injury and is back in Barbados, where he was […]
Sports

Medvedev eases past Koepfer to reach Miami quarter-finals

Posted on Author admin

[ad_1] Daniil Medvedev took another step towards retaining a title for the first time in his career as the Russian third seed beat Germany’s Dominik Koepfer 7-6(5) 6-0 on Tuesday to reach the Miami Open quarter-finals. Medvedev overcame a shaky start and converted four break points while dropping serve just once to secure a spot […]

Leave a Reply

Your email address will not be published. Required fields are marked *