Vital Football

Latest Leeds United News

Leeds owner Cellino close to selling Fiat 500

Leeds owner Cellino close to selling Fiat 500

Leeds United owner Massimo Cellino looks set to offload Italian Serie A club Cagliari.

Cellino compared Cagliari to a Fiat 500 when he acquired what he called a Ferrari in Leeds last month and he has been looking for a buyer for the Italian club since and he has agreed a deal to sell the club to an unnamed American investment group.

The Italian has owned Cagliari for 22-years but he knows he needs to concentrate fully on turning around the fortunes of Leeds after another disappointing season in the championship.

Cellino says the two parties have reached an agreement on the deal worth to be a reported 85 million euros and they are hoping it can be concluded by the end of this week.

Speaking to Gazzetta dello Sport, Cellino said, 'We have reached an agreement and we have signed a letter of intent that foresees their takeover of the club.

'Now they will have to fight with the (Italian) bureaucracy.

'I hope they will be allowed to do what I wasn't given permission to do (to build a new Cagliari stadium).'


Cellino finally acquired Leeds in April after winning his appeal against the Football League after he was refused permission to take over the club under their owners and directors test after being found guilty of tax evasion in an Italian court in March.

It has not been an easy start for Cellino since his arrival having been served with a winding up order by former Managing Director David Haigh for an unpaid loan estimated to be in the region of £950,000. Just last week, the clubs banks accounts were frozen with the winding up petition due to be heard on June 9th, with Leeds being refused access to any payments to the club by credit card.

Cellino will be desperate for the winding up order to be settled as he looks to rebuild the club.


Join The Vital Debate

Vital Leeds are the proud sponsors of the Thames Valley Whites Regional Supporters club

The fastest growing Leeds United supporters club in the South of England, with over 200 members since its formation in April 2009, travel to all games home and away.

The branch has pick up points at Reading, Didcot, Abingdon, Oxford, Bicester and Banbury and will consider other pick up points on request.


Vital Leeds is now available on both facebook and twitter, so if you are that way inclined and more importantly understand all this new fangled dangled stuff, feel free to watch us, poke us or whatever else you are meant to do there!

Vital Leeds on: facebook



Vital Leeds on: twitter


Join Vital Leeds

It's easy to REGISTER HERE, simply click the link and enjoy getting involved!



Click here to join in the debate on the club forum.

Writer:Dazza71
Date:Wednesday May 28 2014
Time: 7:00PM

Login to post a comment

Recent Leeds United Articles

LUFC Ayling - Fans Will Help Us

Leeds United defender Luke Ayling is looking forward to the Yorkshire derby against Sheffield Wednesday on Saturday

LUFC On Loan Defender Open To A Permanent Leeds Deal

On loan Swansea City defender Kyle Bartley says he would be open to a permanent move to Leeds United in the summer if the opportunity arises

LUFC On This Day - February 24th

A look back at what happened on this day February 24th in the history of Leeds United.

Monk - We Really Appreciate The Part The Fans Have Played

Leeds United head coach Garry Monk says it is vitally important that the players and fans stick together

Archived Vital Leeds Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

How do you think Leeds will do against Sheffield Wednesday?
Suggested By:
Win72%
Lose15%
Draw13%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 32 22 3 7 69 37
2 Brighton 32 20 8 4 68 28
3 Huddersfield 32 20 4 8 64 8
4 Reading 33 18 6 9 60 5
5 Leeds Utd 33 18 4 11 58 11
6 Sheff Wed 33 17 7 9 58 10
7 Fulham 32 14 10 8 52 17
8 Norwich 33 15 6 12 51 11
9 Barnsley 33 14 7 12 49 4
10 Preston 33 13 10 10 49 4
11 Derby County 32 13 9 10 48 7
12 Cardiff 33 13 6 14 45 -2
13 Ipswich 33 10 11 12 41 -7
14 Brentford 32 11 7 14 40 0
15 Q.P.R. 33 11 7 15 40 -10
16 Birmingham 33 10 10 13 40 -14
17 Aston Villa 32 8 12 12 36 -8
18 Forest 33 10 6 17 36 -12
19 Wolves 31 9 8 14 35 -4
20 Burton 33 9 8 16 35 -13
21 Bristol City 32 9 5 18 32 -6
22 Wigan 33 7 9 17 30 -10
23 Blackburn 31 7 8 16 29 -13
24 Rotherham 33 4 5 24 17 -43
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Leeds United Results (view all)

Leeds United Fixtures (view all)

Feb 25 2017 12:30PM : Sheffield Wednesday (H)
Sky Bet Championship
Mar 3 2017 7:45PM : Birmingham City (a)
Sky Bet Championship
Mar 7 2017 7:45PM : Fulham (a)
Sky Bet Championship
Mar 11 2017 3:00PM : Queens Park Rangers (H)
Sky Bet Championship
Mar 18 2017 5:30PM : Brighton & Hove Albion (H)
Sky Bet Championship
Apr 1 2017 5:30PM : Reading (a)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.dazza71222
2.deslondon115
3.Tiny T70
4.Spanky White58
5.@OxonWhite50
6.King Billy44
7.Oyper41
8.SimonTVW39
9.bago36
10.ultraleeds35
Write for Vital Football