Wednesday March 5 2014
Cellino takeover ‘in balance’

The Guardian are reporting that Massimo Cellino’s takeover of English Championship side Leeds United is in the balance.

Cellino has agreed to buy a 75% stake in the Elland Road outfit but has hit a number of stumbling blocks in his attempts to finalise a deal.

Football League legislation includes a “fit and proper persons” criteria that all perspective owners of clubs must abide by and Cellino has been asked to provide clarification on a number of issues.

Indeed, it is now reported that the deal could collapse if he is found guilty of tax evasion by courts in Sardinia later this month.

The court case is due to be heard on Tuesday 18 March, five days after the Football League will meet to discuss the proposed takeover.

Cellino is still reportedly the President of Cagliari and has a deal in place to sell the club, though bizarrely the identity of the buyers is still unknown.