Leeds United owner Massimo Cellino has confirmed he has sold 50% of his stake in the English Football League (EFL) to Andrea Radrizzani.
Radrizzani is co-founder of global sports media agency MP & Silva and purchased the stake through Aser Group Holding, through its acquisition vehicle Greenfield Investment.
Cellino will still maintain a 50% share despite an impending 18 month ban given by The Football Association (FA) in December, relating to a payment of £185,000 made to an unlicensed agent during the sale of striker Ross McCormack in 2014.
Andrea Radrizzani said "I am delighted and proud to have acquired a 50 per cent stake in such a prestigious football club as Leeds United. I am excited by the challenge ahead and I will work alongside Massimo and everybody at the club to make Leeds United as successful as possible.
"I am fully aware of the great heritage and traditions of Leeds United and I will endeavour to be a fitting custodian on behalf of the many thousands of Leeds supporters, who are the lifeblood of the club.
"I am making a long-term commitment to Leeds United and will work to bring stability through ongoing investment. I aim to bring sustainable growth. I won't do anything that will put the club's future at risk.
"Through working in the sports industry for many years, I have developed a great passion for the English game and I am honoured to have become joint owner of one of the country's biggest clubs.
"I am very impressed the job Garry Monk has done this season and I will do all I can to support him and the team moving forward.
"The responsibility is on myself, Massimo and the executive management at the club to work together over the coming months to provide the best platform and environment for Garry and the team to achieve success.
"My immediate priorities over the coming weeks are to meet with Garry and the team; the club staff at Elland Road and Thorp Arch; supporters' representatives; former players and media."