Businessman bides time for Leeds takeover

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Football Direct News 28/3/14
by Richard Flynn
The Manchester businessman contemplating a takeover bid for Leeds United is prepared to wait until the uncertainty surrounding Italian entrepreneur Massimo Cellino’s offer is cleared up,[football] direct news has discovered.
The mystery suitor, who has never been involved with a football club before but is interested in owning one if the price is right, turned down the chance to heavily invest in another Championship outfit, Blackburn Rovers, at the turn of the year.
Cellino has looked in pole position to take the helm at Elland Road for some time and he has appealed against the Football League’s decision to block the takeover, which would see him purchase a 75% stake from Gulf Finance House Capital.
His bid was disqualified when he was found guilty of not paying import duty on a yacht in Italy.
The Manchester-based man holds a genuine interest in Leeds but a source close to him told FDN he is reluctant to put his cards on the table until the Cellino saga comes to an end.

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