Live blog: Leeds takeover latest - ‘Italian sale done’

LEEDS United owners GFH Capital are reported to be in the process of completing the sale of the club - but to whom?

Friday, 31st January 2014, 2:09 pm
The latest from Elland Road.

We will post latest reports -official and otherwise - here.

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8am: A British consortium bidding to buy a majority stake in Leeds is hoping to be granted a period of exclusivity to conclude a deal after talks resumed with owners Gulf Finance House earlier this week, the Yorkshire Post understands.

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12.30pm: 1.25pm: Yorkshire Evening Post’s Phil Hay tweets: Statement coming from the Farnan Group. They’re still trying to get involved but finding it hard to get their foot in the door.

1.20pm: ITV says controversial owner of Italian club Cagliari, Massimo Cellino, is the forerunner in the takeover.

1.25pm: Phil Hay tweets: Multiple sources telling me now that GFH are in the process of completing a sale to the Cellinos. Looks like this is happening.

1.40pm: Phil Hay tweets: “Really dignified press conference from McDermott. Says he’s focused on tomorrow’s game, privileged to manage lufc and still under contract.”

1.45pm: Phil Hay tweets: “McDermott was asked if he thought tomorrow’s game might be his last. Said you never know in management but plans to “really enjoy it”.

2pm: Tutto reports: “Massimo Cellino has bought Leeds United. To give the news is a journalist of L’Unione Sarda, chief press officer and former Cagliari Calcio, Ivan Paone, through its Twitter account. Few words but meaningful “negotiation concluded: Leeds is Cellino.” He was now in the air for days this news, with various denials of ritual and small bureaucratic problems. All that remains is to wait for the official from the president rossoblu and the English club.”

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