Prospective Leeds United owner fails FL Owners’ and Directors’ Test

By Joseph Keith

The Football League have announced that Massimo Cellino, current owner of Serie A club Cagliari, has failed their Owners’ and Directors’ Test and therefore cannot complete his proposed buy out of Leeds United.

The East Stand of Leeds United's Elland Road stadium.

The East Stand of Leeds United’s Elland Road stadium.

A statement on the governing body’s website says: “Having fully considered the matter, the Board agreed unanimously that the decision of the Italian Court does constitute a disqualifying condition under its Owners’ and Directors’ Test.”

The decision comes after Mr. Cellino was convicted last week in Sardinia for attempting to avoid paying import tax on a yacht.

The club’s future is now in question, an approach from a rival consortium led by Mike Farnan, former Managing Director of Manchester United, is expected later today.

 

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