Elland Road

Next Game

Leeds v Burnley

Saturday, 08 August 2015, 12:30

Sky Bet Ch'ship

Cellino to sell Cagliari

Leeds owner Massimo Cellino has revealed he has agreed to sell Serie A club Cagliari to an unnamed American investment group.

Last Updated: 28/05/14 at 14:15 Post Comment

Massimo Cellino: Set to sell Serie A club Cagliari

Massimo Cellino: Set to sell Serie A club Cagliari

More of the games that matter

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

Cellino met with the potential buyers, led by Italian businessman Luca Silvestrone, in Miami on Tuesday afternoon to finalise the agreement.

The deal, worth a reported 85million euros (£69m), is expected to be completed by the end of the week.

"I am delighted," Cellino said to Gazzetta dello Sport. "We have reached an agreement and we have signed a letter of intent that foresees their takeover of the club.

"Now they will have to fight with the (Italian) bureaucracy.

"I hope they will be allowed to do what I wasn't given permission to do (to build a new Cagliari stadium)."

Cellino purchased Cagliari in 1992 and had been looking to sell the Sardinia-based club since acquiring a 75 percent stake in Leeds earlier this year.

Should the sale go through, Cagliari would become the third Serie A club to be foreign-owned - Roma have been controlled by an American consortium since May 2011 while Indonesian tycoon Erick Thohir acquired Inter Milan last year.

Cagliari finished 15th in the Serie A standings, seven points clear of the drop zone.

More of the games that matter

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

Related News

Most Commented

Readers' Comments

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Copa America: Chile beat Argentina 4-1 on penalties

Hosts Chile won the Copa America for the first time thanks to a 4-1 penalty shoot-out success over Argentina after the final ended goalless.

Sergio Ramos has refused to discuss interest from Manchester United

Real Madrid defender Sergio Ramos has raised further question marks over his future after a coy response concerning interest from Manchester United.

Van Persie 'agrees Fenerbahce terms'

Manchester United striker Robin van Persie is close to joining Fenerbahce after reportedly agreeing terms with the Turkish club.

Mail Box

Has Everyone Forgotten About Khedira?

Sami Khedira is one of the signings of the summer and yet he's flown completely under the radar. Plus Dommy S's views of women's football get a right old shoeing...

Women's Success Won't Alter Viewing Habits

The Women's World Cup hasn't inspired everyone. Also in the Mailbox: a plastic's guide to Brazil, Nani regrets, tears over Henry, and The Beach Boys...

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