By Matt Hughes For The Daily Mail
Published: 22:32 BST, 16 October 2020 | Updated: 22:32 BST, 16 October 2020
Leeds owner Andrea Radrizzani was involved in the offer of a £300million partial buyout of the EFL by American firm TPG Capital, which was rejected by chairman Rick Parry last week.
Radrizzani has no financial stake in the private equity firm. But the fact he made the introduction sparked concerns at the EFL over potential conflicts of interest, given the Italian owns a club who until four months ago were in the Championship, as well as the television network Eleven Sports that hold the rights to broadcast Premier League matches in much of Europe.
Parry was also unhappy with the terms of the deal, with TPG offering £150m up front and the rest in staged payments over five years in return for a 20 per cent stake of the EFL and a 51 per cent vote on all commercial deals, including television rights.
The EFL have received numerous offers of investment from private equity companies seeking a stake in the bottom three divisions, but are more likely to pursue a loan, as first revealed by Sportsmail in August.
Leeds owner Andrea Radrizzani was involved in the offer of a rejected partial buyout of the EFL
COVID-19 CLAMPS DOWN ON CHAMPIONSHIP
The financial impact of Covid-19 is biting at many Championship clubs, who between them have made about 500 members of staff redundant since June.
Many executives are deeply uncomfortable with back-room and administrative staff on average salaries of £25,000 being let go to enable clubs to keep paying players earning the same amount each week.
The financial impact of the pandemic is understood to be biting at many Championship clubs
BIG SIX FURY AT FIVE-SUB SNUB
The Premier League’s smaller clubs may live to regret their defiance in the face of the Big Six’s demands to be allowed five substitutions this season, a proposal that was voted down twice in two separate shareholder meetings this summer.
The Big Six’s