Leeds United owner Andrea Radrizzani insists selling more of his shareholding to San Francisco 49ers is good for the club.
The 49ers increased their stake in the Premier League new boys to 37 per cent after the club was valued at £280m.
Radrizzani, who bought the club for £45m in 2017, now wants to repeat Leicester City's stunning rise.
Unveiling his blueprint the Italian said the club was aiming for European football by 2024.
He told The Sun: "Our model is Leicester City. We have shared this a lot internally.
"If there's a club I admire for what has been done in terms of football management, it's Leicester.
"Our plan is ambitious. We see our objective very clearly. We want to build the club to be just next to the top ones.
"We have a clear and common goal together.
"It is important to stay in the Premier League and now with our friends in San Francisco we have more opportunities.
"We need to close the gap with the top clubs and make much more revenue for more opportunities in the transfer market.
"We have a timeline of five to seven years to build something relevant in the world of football and that's what we want for Leeds.
"We want to build the modern club and we have a plan."
He said Leeds aims to challenge the top six in the coming years by doubling revenues.
He added: "Realistically we're looking at Europa League football in the next three to four years - that's what we need to work for.
"The journey to be there is still long. I give it five to seven years for the Leeds United I dream of."