Leeds United's £150m hit leaves new investors frustrated as Wembley impact felt

US golf star Jordan Spieth
-Credit: (Image: Getty)


Whether it was word of Adam Armstrong's goal for Southampton or just the balmy conditions in Texas that affected his game we'll not know, but Sunday proved to be a day to forget for golf Major winner Jordan Speith. The 30-year-old Texan former Open, US Open and Masters champion, had started the final day of the Charles Schwab Challenge hoping for a touch of fortune on the Colonial course, and similarly across the Atlantic ocean where he hoped to see his new investment in Leeds United start to pay dividends.

Like at Wembley, it went equally wrong for Speith in Texas as a two over par final round left him down the final leaderboard in 37th place. The frustration will have been amplified by Leeds' loss, with Speith having made clear in previous statements that he wanted to see the Whites back in the Premier League as soon as possible to aid the deal he and fellow golf star Justin Thomas had made when buying a share of the club.

49ers Enterprises Global have had a number of high-profile celebrities buy into the organisation in recent months, with the likes of Hollywood pair Russell Crowe and Will Ferrell, joined by Olympic swimming legend Michael Phelps, alongside Speith and Thomas. Unlike Crowe, the golf stars had no connection to Leeds, just a growing love for the game and a desire to try make a sound financial investment.

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Speaking to Sky Sports, Speith said recently; "Relegation wasn't ideal, but we got involved with the 49ers group. I thought it would be a really cool opportunity. It's a big city, a historic club, a great venue at Elland Road.

"Once you start to look into it, you think this could be really exciting and with relegation, we were able to renegotiate whether we wanted to do it. It was never really a decision, we wanted to do it and it just ended up being probably a better deal if we get promoted soon."

Speith's hopes of the deal being better with promotion will not come to fruition this year, with the golf star having to now play a much longer waiting game in that regard. Similarly for the 49ers, the owner's hopes of where they want to take the club have been hit by a failure to secure an immediate return to the Premier League, with the expected £150m in broadcast revenue and merit payments which accompanies promotion no longer an option.