Leeds United have secured 'meaningful' investment from the San Francisco 49ers.
Angus Kinnear, the Leeds United managing director, has told Talksport the club hope to announce some 'good and exciting news soon' on the transfer front.
Leeds have struck up a partnership with an investment entity affiliated with the San Francisco 49ers, which will see them acquire a 10 per cent stake at Elland Road.
| Leeds United has today announced a strategic partnership with 49ers Enterprises, an investment entity affiliated with the @49ers— Leeds United (@LUFC) 24 May 2018
And while the level of funding being provided remains undisclosed, Kinnear revealed on Thursday's Jim White show: "It’s a meaningful sum.
"It will definitely make us more competitive this summer, without a doubt. And I think it will bring the type of players that Leeds fans want and believe will make a difference in terms of mounting a sustained promotion challenge."
Asked where new recruits are likely to come from, the former Arsenal and West Ham United employee added: "Our scouting network, like most good teams, is now global. You have to look at the global market place.
"But I think last year we were clear in the areas where we came up short, I think there’s definitely a need for players who have been proven in the league or proven in the UK and so we’re looking near and we’re looking far to secure the best talent."
And he said of potential signings: "We’re working on them. As soon as the season sort of tailed off the plans for next season were already in place and we’re well advanced in a lot of areas, so hopefully there’ll be some good and exciting news soon."
Leeds have been strongly linked with moves for Angus Gunn, the young Manchester City goalkeeper, Kyle Bartley, their former loan defender now of Swansea City, and Abel Hernandez, the prolific Hull City striker, in the summer transfer window.
The Yorkshire club, who finished 13th in this season's Championship, have not appeared at the highest level since 2004.
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