Italian businessman Andrea Radrizzani buys 50% stake in Leeds United from Massimo Cellino

Leeds owner Massimo Cellino (left) in cashing in. Credit: PA

Leeds owner Massimo Cellino has sold a 50% stake in the Championship club to Aser Group Holding, the club have announced.

Italian businessman Andrea Radrizzani, who heads up the group, will have an option to buy the other 50% from Cellino in June 2017.

Here is today's statement from Leeds in full: