Elland Road

Next Game

Leeds v Burnley

Saturday, 08 August 2015, 12:30

Sky Bet Ch'ship

Cagliari sale falls through

Cagliari owner Massimo Cellino has revealed that the sale of the Serie A club has fallen through.

Last Updated: 05/06/14 at 11:51 Post Comment

Massimo Cellino:  Leeds owner looking to sell his stake in Cagliari

Massimo Cellino: Leeds owner looking to sell his stake in Cagliari

More of the games that matter

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

Cellino, who also owns Leeds United, had expected an American investment group led by Italian businessman Luca Silvestrone to buy the club last week.

The two sides had agreed a reported 80million euro fee last week in a meeting in Miami with a 10million euro deposit expected to be made by Wednesday at the latest.

However, Cellino says no payment has been received and that there has been no further communication.

"There is no American investment group interested in acquiring Cagliari," Cellino said to Italian newspaper Unione Sarda.

"I have not seen or heard from anyone since last Wednesday's meeting with Silvestrone and Dan Meis in Miami.

"No down payment of 10million (euro) has been received.

"From what I can gather they only can be found through 'Missing'.

"I only decided to meet Silvestrone because I was asked by a number of fans to do so.

"I always had the impression that Silvestrone was just representing himself and not a group."

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

Arsenal striker Lukas Podolski to sign for Galatasaray on Saturday

Arsenal striker Lukas Podolski will complete his transfer to Galatasaray this afternoon.

England's Laura Bassett: 'I wish no-one knew my name'

Laura Bassett says she is still deeply hurting after her stoppage-time own goal ended England Women’s World Cup dream.

Gerrard turned down Euro move

Former Liverpool captain Steven Gerrard admits he turned down a "couple of nice opportunities" to move to a club in Europe in order to sign for Los Angeles Galaxy.

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