LEEDS Fans Utd say they have been informed by the lawyers of Massimo Cellino that he no longer wishes to sell to Leeds fans.
A statement from the group read: "Our insistence on him confirming his verbal offer of exclusivity in a legally binding agreement has forced transparency on his motives.
"It is much better that we identify this insincerity now before we spend our shareholders' money.
"This exercise has proved our capacity to adapt to any acquisition scenario very quickly. We now know we have the capacity to do both a minority and majority deal, and it has shown that Leeds fans have a desire for fan ownership.
"We hope that Massimo will treat the club and fans with respect and honour."
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