Thursday, 23 January 2014

Cellino Joins Sports Capital's Leeds Bid

Cagliari Chairman Massimo Cellino is set to join forces with Sport Capital to complete a takeover of Leeds United.Reports in the Italian press yesterday suggested the Italian had launch a rival bid appear wide of the mark.Massimo had in fact been in talks with Sports Capital ,a consortium led by Leeds managing director David Haigh with a view to joining and investing with them.It is understood that Cellino has held talks with Haigh and Andrew Flowers, another of Sport Capital’s members.Sport Capital agreed to buy a majority share(75%) in Leeds on November 30, with GFH relinquishing its position as owner and retaining a 10 per cent stake, but disagreements over unspecified issues prompted renewed negotiations this week.

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