The owners of the San Francisco 49ers have assumed control of the English soccer club Leeds United.

Leeds United announced on Monday that the English Football League had approved the sale of the club to 49ers Enterprises, allowing for "an immediate transition of ownership."

Leeds was relegated from the Premier League to the second-tier Championship for next season.

Paraag Marathe and 49ers CEO Jed York lead 49ers Enterprises.

The ownership group first invested in Leeds in 2018 and increased its share to 44% in late 2021, then reached an agreement last month to take over Leeds with NBA players Larry Nance Jr. and T.J. McConnell joining as minority partners.