Pete Lowy is part of the 49ers Enterprises who own both Leeds and Rangers but cheers on the other big Glasgow club
10:40, 04 Mar 2026Updated 10:40, 04 Mar 2026
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Peter Lowy, Leeds United director and large investor
A billionaire Leeds United director and 49ers chief has distanced himself from the NFL giants’ involvement with Rangers – after declaring his love for Celtic!
The California-based Australian tycoon Pete Lowy gave a rare interview to discuss plans for the Elland Road club going forward, including the Yorkshire club’s ambitious stadium expansion plan.
Lowy is a lifelong Leeds United fan and arrived at the club in 2021 as part of the 49ers Enterprises ownership and is one of the biggest investors through the Lowy Family Group.
While he followed the Yorkshire giants as a kid from Down Under, Lowy admitted an affection for the Hoops and made a trip to Parkhead last season with Celtic-daft Leeds United legend Eddie Gray.
Lowy admitted seeing Celtic under the lights on a European night is the benchmark for what he wants Leeds United to become after Leeds City County approved plans to increase Elland Road’s capacity from 37,645 seats to approximately 53,000.
He appeared on the BBC’s latest episode of Don't Go To Bed Just Yet and was asked about Leeds United chairman Paraag Marathe standing down as vice-chairman of Rangers.
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Rangers Vice Chairman Paraag Marathe
The decision came two days before UEFA’s deadline for clubs to ensure they are compliant with its multi-club ownership rules.
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Asked what he could say on that, Lowy laughed: “Probably nothing. Sorry about that. I like to answer questions. I’m not an investor in Rangers, I’m not involved in Rangers - I don’t have anything to do with that except that I’m a Celtic man. When you see Eddie (Gray) and I sitting there together….
“That’s not why I didn’t invest, it just wasn’t for me. One of the best nights I had actually. Eddie and I went up to Celtic Park last season during the European Cup. They played Leipzig, I think. And if you want to imagine what you can do at a stadium and imagine where you can take a club then that stadium is spectacular, the noise there, the people, the commitment and if we can get some of that up to where we are at Elland Road we’ll be doing really well.”
On the decision by Marathe, Lowy said: “The way I look at it, Paraag is an extremely good executive and knows how to divide his time. For our fans to know, their investment in Rangers did not take one minute away from what Paraag is doing at Leeds and the job he does for us.”