Elland Road

Next Game

Leeds v Huddersfld

Saturday, 20 September 2014, 15:00

Sky Bet Ch'ship

Last Game

Bournemth 1 - 3 Leeds

Tuesday, 16 September 2014, 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

2 years free Sky Broadband Unlimited for Sky Sports customers

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

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

W

riting a minute by minute account on Berbatov would be like chronicling the days of the guy punished for sloth in the movie Se7en. Day 4 - lay in bed, did nothing - 15th minute, stood there did nothing .

lustral
Taking A Close Look At Mario...

W

hen players in their 30s leave Real Madrid, it's usually to Bolton Wanderers. I miss those days.

sailingmagpie
Top Ten CL Players Whetting Our Appetite

W

ow Pete, you would make an excellent stalker!

fouloleron
Taking A Close Look At Mario...

Footer 365

Transfer news: Arsenal 'nearly signed Cristiano Ronaldo and Didier Drogba', says Arsene Wenger

Arsenal boss Arsene Wenger says his biggest regret is missing out on signing Real Madrid superstar Cristiano Ronaldo.

Middlesborough defender Damia Abella has been ruled out for six months

Middlesbrough defender Damia Abella is facing up to six months out with a serious knee injury.

Newcastle assistant John Carver says sorry after row with fan at Southampton

Assistant manager John Carver has apologised for a heated row with a supporter before Newcastle's defeat at Southampton.

Mail Box

Why Doesn't Rodgers Play Borini?

One Liverpool supporter thinks this could be Fabio Borini's year, whilst we also have thoughts on the Red Bulls, Welbeck vs Gervinho and Paul Lambert's new deal...

Could Arsenal Benefit From Top Four Exit?

That's one idea in the morning mailbox as the Arsene Wenger debate rumbles on. Plus, comparing Welbeck to Gervinho and some advice for Greg Dyke and the FA...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property