The Red Bull conglomerate has acquired a stake in a Championship football club

Football news 30 may 2024, 07:52
Steven Perez Dailysports's expert Steven Perez
The Red Bull conglomerate has acquired a stake in a Championship football club Photo: https://x.com/LUFC

The Red Bull conglomerate continues its expansion into the football world, having now acquired a stake in a Championship club.

According to The Athletic, the organization has become co-owners of Leeds United. Red Bull CEO Oliver Mintzlaff stated that their ambitions lie in returning Leeds to the Premier League and establishing themselves in the world's best football league.

However, the company will not receive a place on the club's board of directors. Additionally, there are no plans to change the team's colors or stadium name, and Red Bull will be represented solely on the team's jerseys starting next season.

Journalists attempted to contact Leeds United's management for further information, but the English club declined to comment.

It is worth noting that Leeds United recently lost to Southampton in the Championship play-off final in London, with a score of 0-1, missing out on a promotion to the Premier League.

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