Massimo Cellino’s proposed takeover of Leeds United is at risk as a new bidder has entered the negotiations.
The English Championship club is owned by GFH Capital, who had an agreement to sell 75 per cent to Cellino’s group.
Massimo Cellino’s proposed takeover of Leeds United is at risk as a new bidder has entered the negotiations.
The English Championship club is owned by GFH Capital, who had an agreement to sell 75 per cent to Cellino’s group.
However, it’s reported that today The Sport Capital and Together Leeds consortiums have come together to form a new bid matching Cellino’s proposal.
The chaos continues at Elland Road after confusion over who was behind the decision to sack manager Brian McDermott on Friday.
GFH insist it was Chris Farnell, a lawyer working for Cellino, but the Cagliari President maintains he did not want McDermott fired.
Just as there are reports Cellino is set to pass the ‘fit and proper person’ test with the Football League, there is another new obstacle in his path to taking over the club.
Cellino also tried to buy West Ham United, but that too faltered when a different offer was accepted instead.