M

Member

Speaking in the House of Lords on 2 December 2025

Debate

Draft Statutory Guidance on the Meaning of “Significant Influence or Control”

Contribution

“Leeds are now 100 per cent owned by 49ers Enterprises Global Football LLC, a business registered in the U.S. state of Delaware. The makeup of 49ers Enterprises is fairly opaque; all that is really known is that current Leeds chairman Paraag Marathe and Jed York, principal owner and CEO of the San Francisco 49ers, each own greater than 10 per cent but less than 25 per cent of 49ers Enterprises Partners LLC (which wholly owns 49ers Global Football). Unravelling the rest is close to impossible, but some names of other minority shareholders in 49ers Enterprises are known. Australian businessman Peter Lowy, of the global retail property company, Westfield Group, sits on the club board and has a shareholding. Red Bull, the energy drinks giant, acquired a little under 10 per cent in 2024, alongside a sponsorship deal with the club. 49ers Enterprises is split into general partners and limited partners: the former is a smaller group providing most of the funding, the latter a large group of unknown quantity contributing smaller amounts to the cause. Marathe, York and Lowy all comprise general partners, but beneath them, there’s a huge cast of supporting characters”

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