Massimo Cellino Completes Takeover of Leeds United

According to his lawyers, asthma Massimo Cellino has secured a takeover of Championship club Leeds United.

The Italian businessman agreed a deal in February to buy a 75% stake in the club through his company Eleonora Sports which was initially rejected by the Football League in March.

The 57-year-old Italian won his appeal against that ruling on Saturday.

His lawyers Mishcon De Reya tweeted: “Massimo has been appointed a director of LUFC Holdings & ESL has completed its purchase of 75% of the shares.”

The Football League are yet to confirm that the deal has officially been completed.

The team were also hit with a financial loss of £9.5 million today.

The Yorkshire side saw turnover fall by over £3m from the previous year, while attendances dropped by almost 8%.