Leeds United takeover talks to stay in session
12:01pm Wednesday 26th February 2014 in Sport
The Football League has confirmed it is still in talks with Leeds over the club’s proposed £25 million takeover by Italian businessman Massimo Cellino.
Cellino’s company Eleonora Sport Ltd exchanged contracts with Leeds’ owners Gulf Finance House Capital on February 7 for 75 per cent of the club’s shares and the Cagliari owner has since been waiting for the League’s approval.
A League statement read: “The Football League remains in discussions with both the owners and proposed purchasers of Leeds United, regarding the planned change of ownership.
“To date, a significant amount of the requested information has been supplied by GFH and Eleonora Sport, but there are still a number of outstanding matters that will require further submissions from the two parties.”
The statement went on: “The Board of The Football League is next scheduled to meet on March 13 where it will receive an update on the matter from the League’s executive, unless all the remaining issues can be resolved satisfactorily in advance of this date.”
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