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SAN DIEGO--(BUSINESS WIRE)--Oct 25, 2023--

Leeds chairman Andrea Radrizzani has apologised to the club’s fans following relegation from the Premier League. In a personal statement posted on Twitter, Radrizzani admitted the board of directors had made mistakes and hoped to make some “key appointments in different areas of the club”. But the 48-year-old Italian, who is part of a consortium that has completed a takeover of Sampdoria, made no mention of a possible change of ownership at Leeds. Radrizzani said: “The last few days have been very difficult for everyone associated with Leeds United. “I find it very hard to find the right words to say, other than to apologise to all of our fans for the club’s relegation. I am sincerely sorry for how this season has unfolded. “We have made significant investments to try to keep Leeds United in the Premier League, but in working hard to improve the club, we have also obviously made some mistakes. “We are reflecting on the decisions that we have taken to ensure we learn the lessons to improve our club and make progress in the future. We have made significant investments to try to keep Leeds United in the Premier League, but in working hard to improve the club, we have also obviously made some mistakes Andrea Radrizzani “Leeds supporters deserve more than this. You understand the journey on which we have embarked, and I hope that once the anger and disappointment has subsided you will see that we can come back stronger.” Radrizzani’s company Aser Group, in partnership with finance company Gestio Capital, announced on Tuesday night that they had concluded a deal to save financially-stricken Sampdoria, recently relegated to Serie B. It had been expected that that deal would lead to Radrizzani selling his 56 per cent stake in Leeds to American co-owners 49ers Enterprises. The financial arm of NFL franchise the San Francisco 49ers increased its stake in Leeds to 44 per cent at the end of 2021 with a deal in place to buy Radrizzani’s stake and take full control before January 2024. But that deal was contingent on Leeds remaining in the Premier League and it would appear Radrizzani is now intent on leading them back to the top flight. “We have invested heavily in Leeds United since 2017 and worked hard to get back to where the club deserves to be,” he added. “With the support of our partners, we can continue that journey to bounce back. “I am proud of the progress we have made in recent years. We have become a club that can attract exciting players, we are strong commercially, we have seen improvements to the academy, introduced a women’s side and so much more. “In many ways the club has been transformed and we are committed and determined to continue on this journey. “I do not like to make false promises, there is still a lot of work to do and change is needed. “We need a clear strategy to continue our vision for the club and work is underway to produce this, which we hope will be reflected in some key appointments in different areas of the club. We will keep you all updated throughout the process.” Leeds’ three-year stay in the Premier League ended last Sunday when they lost 4-1 at home to Tottenham. The Yorkshire club have employed three managers during a disastrous campaign, sacking Jesse Marsch in February and then Javi Gracia earlier this month before appointing Sam Allardyce for the last four games. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Tom Lockyer to leave hospital on Thursday and return for pre-season training Olympic medal-winning sprinter Mike McFarlane dies aged 63 Lionesses respond to World Cup inclusion – Wednesday’s sporting social

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct 4, 2023--

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By David Shepardson (Reuters) -Kia said on Wednesday it will invest more than $200 million in its assembly plant in