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Chris Knight

The ambitious statement of intent from Leeds that will be the envy of Newcastle United fans

Leeds United owner Andrea Radrizzani has outlined an ambitious vision for the newly-promoted side that will likely draw envious glances from Newcastle United fans.

Marcelo Bielsa's side have earned widespread plaudits so far for their performances in their first season back in the Premier League.

Leeds currently sit 13 points clear of the relegation zone, and have already secured two victories over the Magpies.

In contrast, Steve Bruce's talk of a top-ten finish has been replaced by relegation fears following an alarming run of results and performances.

Leeds have impressed on their top-flight return following a 16-year absence, but Radrizziani insists the hard work at Elland Road is just beginning.

The chairman and majority owner claims the club's value has already tripled on his investment since his takeover in 2017.

Leeds' recent promotion and success under Bielsa has attracted the attention of the San Francisco 49ers, with the NFL franchise recently increasing their stake in the Premier League club.

Spurred on by this partnership, Radrizzani has outlined his hope for a new stadium and the club to become one of the division's leading sides.

Speaking at the Business of Football Summit, he said: "We know Leeds have a tremendous opportunity to increase in value, the value of the club has already tripled since my investment and I believe there's still a long way to go.

"Leeds is very close to my heart, it is a warm investment. The intention is to still be here for a long time and develop an important club.

"This club can become a club just after the top four. It can be worth more than £1bn with a new stadium after five to seven years increasing the revenue with a solid place in the Premier League."

In contrast, the Magpies remain locked in a seemingly never-ending takeover saga and are running the risk of suffering the third relegation of the Mike Ashley era.

The prospective buyers had intended to invest £250m into United's playing squad over the next five years, as well as earmarking additional funding for the surrounding community.

The deal is currently stalled after the Saudi Public Investment Fund-led consortium pulled their bid last summer out of frustration with the Premier League.

All parties remain committed to the deal however, and Newcastle owner Mike Ashley's arbitration hearing with the Premier League is expected to be heard soon.

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