DW Stadium

Next Game

Wigan v Leeds

Saturday, 07 March 2015, 15:00

Sky Bet Ch'ship

Elland Road

Last Game

Leeds 2 - 1 Ipswich

Wednesday, 04 March 2015, 19:45

Sky Bet Ch'ship

Cellino takeover is 'done'

Italian businessman Massimo Cellino has completed his takeover of Leeds United, according to his lawyers.

Last Updated: 08/04/14 at 21:47 Post Comment

Massimo Cellino: Awaits ratification from the Football League

Massimo Cellino: Awaits ratification from the Football League

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Cellino's company Eleonora Sport Limited has completed its purchase of 75 per cent of the Elland Road club's shares and the 57-year-old has taken his place on the board of directors.

Football League officials must now decide whether to ratify the deal at a board meeting on Thursday.

"Massimo Cellino has now been appointed a director of LUFC Holdings & ESL has completed its purchase of 75 per cent of the shares of LUFC Holdings," Cellino's legal representatives Mishcon de Reya tweeted.

Cellino arrived in England from Sardinia on Monday after an independent lawyer overturned the League's decision to bar him from becoming an owner.

The League had blocked Cellino's takeover on March 24, ruling a conviction of tax evasion in a Sardinia court a week earlier - one Cellino is appealing - disqualified him under its owners and directors test.

But following six-hour deliberations at an appeal hearing last week, Tim Kerr QC announced he had revoked the League's decision.

Kerr's ruling ended a two-month wait for Cellino, whose company had exchanged contracts with previous Leeds owner Gulf Finance House Capital back in February, but the saga may not yet have run its course.

The Italian's disqualification under the League's test related to the non-payment of import duties on his yacht, but because a judge's report on his tax evasion case has not yet been filed, Kerr could not rule that he had acted dishonestly.

Dr Sandra Lepore's written reasons for the conviction are due by mid-June so League officials must decide on whether to give Cellino the go-ahead in the knowledge they could be forced to disqualify him - should he be found guilty of dishonesty - later this summer.

Leeds, who have plummeted in the Championship table and lost 1-0 to Wigan Athletic on Saturday, announced losses of £9.5m for the financial year 2012-13.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

d like to add players who push their team-mates out of the way to celebrate on their own

exhausted
The Ten Most Hated Things In Football

I

f I were Manuel Pellegrini I would keep quiet and hope the Board didn't notice City not winning anything. If he isn't sacked I'd be astonished.

lfcfan80
Pellegrini: I won't be sacked

S

till I suppose it still gives him at least another year in the job. By the time it comes around , he can always make up another excuse. First it was 3 months , then a year .....Next year ? Whats his excuse with Van Persie ?

spud1
Di Maria 'could peak next year'

Footer 365

Wigan stun Norwich, Sharp inspires Leeds

Norwich's bid for a seventh successive Championship win was thwarted by a determined Wigan, while Leeds, Blackburn and Birmingham all won.

Newcastle 0-1 Man United: Evans and Cisse accused of spitting as visitors leave it late...

Manchester United nicked a 1-0 win at Newcastle but Jonny Evans and Papiss Cisse were involved in an unsavoury incident.

Neville 'concerned' over Reds form

Gary Neville has admitted that he is "concerned" that a resurgent Liverpool could qualify for the Champions League ahead of Manchester United.

Mail Box

Look Away Now Please, Sherwood...

Sherwood's cringeworthiness, Matic's Wembley celebrations, why LVG must show balls - it's all here in your Wednesday afternoon Mailbox...

United's No 2 Isn't That Bad Either...

One mailboxer is getting in a flap about the claim Man Utd would struggle without De Dea, while there's some anger directed at Chelsea...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company