Two parties in battle to buy Leeds United from Cellino

Date published: Thursday 19th November 2015 11:10

Massimo Cellino: Closing in on Leeds sale

Massimo Cellino: Closing in on Leeds sale

Massimo Cellino’s controversial reign at Leeds United looks set to end with two parties reportedly battling to buy the club from the Italian.

Earlier this month Cellino claimed six parties were interested in buying Leeds, having reneged on an agreement to sell the club to supporters group Leeds Fans United.

However according to the Daily Mail, it is now between Guiseley owner Steve Parkin – who is worth an estimated £200million – and a group of unnamed overseas investors, who are believed to be acting alongside a UK-based businessman with links to the city.

Neither group is understood to have agreed a period of exclusivity to negotiate a price with the 59-year-old.

The suggestions of unnamed investors may worry some supporters, with Red Bull having been linked with a takeover in the past, while Ken Bates’ early reign as chairman was set against the murky backdrop of unknown owners.

Former Cagliari owner Cellino revealed his intentions to sell the club after fans protested against his ownership during the 2-0 defeat to Blackburn Rovers at the start of the month.

“It pains me to make this decision as I have put my heart and soul into this club,” he said

“But what I was subjected to at the Blackburn game left me feeling like I had no other option but to take a step away.

“After the time, effort and emotion I have given to the club to try and enable us to move forward, it hurt me a lot to hear the fans singing what they did on Thursday night.

“The fans made it clear they believe I am no longer the best person for this job, and for the first time I am starting to think that they may be correct.”

It appears his hand was somewhat forced after being disqualified by the Football League for the second time after being found guilty of tax evasion in Italy.

Cellino is appealing the ban although it is yet to be decided when his case will be heard.

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Home Forums Two parties in battle to buy Leeds United from Cellino

This topic contains 4 replies, has 5 voices, and was last updated by norlincs norlincs 1 year ago.

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  • #711130

    Rob Conlon
    Moderator

    Massimo Cellino’s controversial reign at Leeds United looks set to end with two parties reportedly battling to buy the club from the Italian

    [See the full post at: Two parties in battle to buy Leeds United from Cellino]

    #712171
    tsm
    tsm
    Participant

    The part about the unnamed investors is definitely a worrying sign. I would prefer Steve Parkin as he’s Leeds true and through. I’m also wondering whether this is going to be another long, drawn-out saga involving all the legal jargon and due processes.

    #712420
    Phoenixunited
    Phoenixunited
    Participant

    I am not getting worked up by any of this. People are either seeking publicity for their own ends or lazy journalists are making mountains out of molehills and regurgitating old stories or simply making it up. MC is not minded to sell no matter what mood he is in or what he says; he changes like the weather.

    The time to give this matter any credibility is when someone puts their money down and secures an exclusivity period.

    #713518

    Johnny Utah
    Participant

    Cellino has said that he does not think any of the bids are serious and will not be selling this year.
    This whole process has been stalling for time. This has taken a bit of the pressure off Cellino, he knows if he holds out and gets Leeds promoted he can quadruple or more his investment.

    #713875
    norlincs
    norlincs
    Participant

    If he holds out and gets Leeds promoted, that will do for me! He can make as much profit as he likes for all I care so long as we are in the PL and thriving. Unfortunately with all the crap that comes out of the mans mouth, crazy decisions and endless about turns we all know Leeds can’t progress as long as he is at the helm. MOT

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