Leeds sale agreed but now United want McDermott back

Leeds’s owners have confirmed they have agreed to sell a majority stake in the club to Italian Massimo Cellino.

By The Newsroom
Saturday, 1st February 2014, 1:47 pm
Brian McDermott.
Brian McDermott.

Gulf Finance House released a statement on Saturday lunchtime after a manic 24 hours at Elland Road, confirming it had agreed a 75 per cent sale to Eleonara Sport Ltd - Cellino’s company - subject to Football League approval.

The news had been expected, but came a day after Cellino had overseen the removal of manager Brian McDermott in favour of long-term friend Gianluca Festa.

However in another twist, it is believed ahead of Saturday’s game with Huddersfield the club were working on persuading McDermott to return to the dugout.

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The statement read: “Following recent media reports and speculation, GFH Capital would like to confirm that it has agreed to sell a 75 per cent stake in the club to Eleonora Sport Ltd, a company owned by the Cellino family who have many years’ experience in football and who plan to invest substantially in the club including the re-acquisition of Elland Road.

“Eleonora will be working on completing the required Football League approval.

“The Cellino family is a well known Italian sports family, who have owned Serie A side Cagliari since 1992. They come to English football with an ambition to support Leeds United financially to take it to the Premier League and a belief that the club can sustain top-flight status.

“Since the agreement, Leeds United is in discussion with Eleonora Sport Ltd on a number of issues concerning club matters, including the structure of the management of the first team.”