Together Leeds consortium still interested in buying Leeds United if Massimo Cellino's takeover is blocked
Mirror 19/3/14
By David Anderson
The Italian's takeover is in doubt after he was convicted of tax evasion in Italy with the Football League still not having ratified his purchase.
The Together Leeds consortium led by former Manchester United executive Mike Farnan claims they are still interested in taking over at Elland Road.
Prospective owner Massimo Cellino's £25million buy-out could be blocked after he was convicted in his native Italy of tax evasion.
The Football League have not ratified his purchase of 75 per cent of Leeds and are speaking to the Italian court before deciding it Cellino can take over.
Together Leeds are watching developments and insist they have the finances to buy control from current owners GFH Capital.
GFH rejected a £7million offer from the group, which includes former Leeds director and Hull chairman Adam Pearson, in November and have been unwilling to negotiate with them since.
However will be in urgent need of new investment if Cellino's deal falls through and the Italian businessman has pumped over £6million into the club to help pay the players' wages.
Leeds are losing over £1million a month and the March's wage bill is due at the end of next week.
However Leeds managing director David Haigh insisted last week the club is not facing going into administration for a second time.
By David Anderson
The Italian's takeover is in doubt after he was convicted of tax evasion in Italy with the Football League still not having ratified his purchase.
The Together Leeds consortium led by former Manchester United executive Mike Farnan claims they are still interested in taking over at Elland Road.
Prospective owner Massimo Cellino's £25million buy-out could be blocked after he was convicted in his native Italy of tax evasion.
The Football League have not ratified his purchase of 75 per cent of Leeds and are speaking to the Italian court before deciding it Cellino can take over.
Together Leeds are watching developments and insist they have the finances to buy control from current owners GFH Capital.
GFH rejected a £7million offer from the group, which includes former Leeds director and Hull chairman Adam Pearson, in November and have been unwilling to negotiate with them since.
However will be in urgent need of new investment if Cellino's deal falls through and the Italian businessman has pumped over £6million into the club to help pay the players' wages.
Leeds are losing over £1million a month and the March's wage bill is due at the end of next week.
However Leeds managing director David Haigh insisted last week the club is not facing going into administration for a second time.
