YouTube co-founder says he has invested in Leeds United alongside the San Francisco 49ers

Leeds United welcomed fresh investment on Monday.
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YouTube co-founder Chad Hurley says he has invested in Leeds United alongside a 'few others' after the San Francisco 49ers increased their stake in the club.

The Whites announced on Monday that the NFL franchise had upped their minority shareholding in LS11 from just under 15 per cent to 37 per cent.

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With the move 49ers Enterprises president Paraag Marathe - who was already on the board at Elland Road - has been named vice chairman in West Yorkshire amid a reported £50m cash injection.

San Francisco initially linked up with majority owner Andrea Radrizzani in the summer of 2018 but have moved to increase their involvement following promotion to the Premier League last year.

San Francisco 49ers president pens personal letter to Leeds United fans - a YEP exclusiveAmerican media mogul Hurley - who was the first CEO and co-founder of online video sharing website YouTube - has claimed he is among a number of investors alongside the 49ers, though no other details about his involvement have been released.

Hurley tweeted: "Breaking! Following my previous investments in the Golden State Warriors and Los Angeles Football Club, I’m proud to announce I’m joining the ownership group of Premier League club Leeds United.

"See you soon at Elland Road! #MarchingOnTogether"

Leeds United's badge at Elland Road. Pic: GettyLeeds United's badge at Elland Road. Pic: Getty
Leeds United's badge at Elland Road. Pic: Getty
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In reply to one fan, he said: "They [49ers] led the investment round, I’m investing along side them with a few others... can’t reveal more deals yet. But it’s a great group!"

He later added: "When you’re done watching Ted Lasso go check out 'Take Us Home' on Amazon narrated by Russell Crowe! I’m sure you’ll become a Leeds United fan."

Whites owner Radrizzani said of the new ownership structure: "We are delighted to welcome further investment into our club from 49ers Enterprises and I am confident that this latest partnership will help Leeds United continue to grow and develop into the team our supporters deserve.

“I have always been open to bringing partners on this journey with me, as long as these actions can benefit the long-term strategy of the club. Paraag and the team at 49ers Enterprises are uniquely positioned to collaborate with myself, Angus Kinnear, Victor Orta and our management team to help us achieve our goals.”

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