New Leeds United Owner Cellino to Sell Serie A’s Cagliari
By Community | May 28, 2014
New Leeds United owner Massimo Cellino is set to sell his Serie A team Cagliari to an unnamed United States investment fund, according to the ANSA news agency on Wednesday.
Cellino, who bought control of second-tier English soccer club Leeds United in April, said it was up to the new owners to fight with the local bureaucracy over the club’s stadium.
“We have reached an agreement and we have drafted a letter of intent providing for their entry into the company,” Cellino told ANSA in Miami after the meeting.
“Now, they are the ones who will have to fight against the bureaucracy… I hope they don’t do to them what they’ve done to me.” Cellino, who took over Cagliari in 1992, has spent the last three years battling local authorities over a stadium for the club.