Leeds United: Outstanding matters to be resolved in takeover, say League bosses

Latest on the takeover at Elland Road.
Latest on the takeover at Elland Road.
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The Football League said today that it was still to resolve “a number of outstanding matters” relating to Massimo Cellino’s takeover of Leeds United as the wait for a change of ownership at Elland Road goes on.

Cellino’s 75 per cent purchase of United through a firm called Eleonora Sport Ltd remains up in the air with the League yet to approve his £25million deal.

The Italian businessman agreed terms with current Leeds owner Gulf Finance House on February 7 but the League is refusing to sanction the takeover until Cellino and GFH satisfy its demands for information relating to his buy-out.

The League is understood to be focusing its examination on the funding behind Cellino, an agricultural mangate who has run Serie A side Cagliari since 1992.

“The Football League remains in discussions with both the owners and proposed purchasers of Leeds United, regarding the planned change of ownership.

“To date, a significant amount of the requested information has been supplied by GFH and Eleonora Sport, but there are still a number of outstanding matters that will require further submissions from the two parties.

“The Board of The Football League is next scheduled to meet on March 13 where it will receive an update on the matter from the League’s executive, unless all the remaining issues can be resolved satisfactorily in advance of this date.”

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