Cellino to Appeal Football League Decision Blocking Leeds United Takeover
March 26, 2014
Cagliari owner Massimo Cellino has revealed he will appeal against the Football League’s decision to block his proposed takeover of Leeds United.
Cellino had agreed a £25million deal for a majority stake in the Championship club with owners Gulf Finance House but the Football League’s board has refused to sanction the deal as he failed their Owners and Directors Test following a conviction for tax evasion in Italy.
Cellino was given 14 days to appeal the decision and he intends to do so.
“I have to appeal,” Cellino said. “I feel a responsibility to the fans who I am proud to say wanted me.”
His UK lawyers Mishcon de Reya told the Yorkshire Evening Post: “Mr Cellino will be appealing the decision. We have no further comment.”
Leeds had responded to the original decision by saying they are “disappointed”.