Leeds owner Radrizzani secures deal to take over troubled Serie A side Sampdoria

Sampdoria, who have just been relegated from Serie A for the first time in over a decade, said the deal entails a cash injection of up €40 million to shore up the Genoa-based club's finances.

To finalise the takeover, the restructuring plan needs final approval from the club's creditors, a source close to the matter said, adding that talks with them were ongoing.

Hard-hit by the pandemic, Sampdoria have been for sale for over a year as part of a process aimed at repaying creditors of the club's former chairman and owner, who has been involved in a case of alleged bankruptcy. 

A trustee has been looking after the sale process, with Lazard acting as advisor.

Radrizzani and Manfredi's proposal won out over a rival bid by Lille's owner Alessandro Barnaba, the club previously said.

Sampdoria enjoyed their heyday in the early 1990s when the Genoa-based club secured their sole national title with a team led by outstanding strike partnership Gianluca Vialli and Roberto Mancini.

Leeds also suffered relegation from England's Premier League last weekend.