Football League delay ruling on Leeds takeover but reveal that majority of issues have been resolved
Mail 13/3/14
By DAVID KENT
The Football League have announced that they should have a ruling on Leeds United's prospective takeover within ten days.
Massimo Cellino has already agreed a 75 per cent share with current owners GFH, but said that he wouldn't inject any more money into the club until is bid was approved.
The statement said that after a meeting on Thursday the majority of issues had been resolved.
Cellino faces a tax evasion case in Italy on March 18 and his bid has been the subject of intense scrutiny. He denies the allegations.
A Football League spokesman said on Thursday: 'At its meeting today, the Board of The Football League gave detailed consideration to the proposed takeover of Leeds United by Eleonora Sport Limited.
'The Board discussed the eligibility of the proposed purchasers under the Owners' and Directors' Test and examined evidence of both the source and sufficiency of funding. The majority of outstanding issues have now been resolved to The League's satisfaction and the Board anticipates receiving further information on the remaining issues, from the representatives of Eleonora, in the next week.
'The Board recognises the pressing need to resolve the matter and to provide certainty to all parties. It therefore anticipates being able to reach a conclusion in the next 10 days.'
The statement comes after Leeds' managing director David Haigh insisted there was 'no chance' of the club going into administration without Cellino's money.
Cellino has already bankrolled loan moves for Connor Wickham and Jack Butland.
By DAVID KENT
The Football League have announced that they should have a ruling on Leeds United's prospective takeover within ten days.
Massimo Cellino has already agreed a 75 per cent share with current owners GFH, but said that he wouldn't inject any more money into the club until is bid was approved.
The statement said that after a meeting on Thursday the majority of issues had been resolved.
Cellino faces a tax evasion case in Italy on March 18 and his bid has been the subject of intense scrutiny. He denies the allegations.
A Football League spokesman said on Thursday: 'At its meeting today, the Board of The Football League gave detailed consideration to the proposed takeover of Leeds United by Eleonora Sport Limited.
'The Board discussed the eligibility of the proposed purchasers under the Owners' and Directors' Test and examined evidence of both the source and sufficiency of funding. The majority of outstanding issues have now been resolved to The League's satisfaction and the Board anticipates receiving further information on the remaining issues, from the representatives of Eleonora, in the next week.
'The Board recognises the pressing need to resolve the matter and to provide certainty to all parties. It therefore anticipates being able to reach a conclusion in the next 10 days.'
The statement comes after Leeds' managing director David Haigh insisted there was 'no chance' of the club going into administration without Cellino's money.
Cellino has already bankrolled loan moves for Connor Wickham and Jack Butland.