Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Football League blocks Italian takeover of Leeds

24 March 2014, 18:49

London - The Football League blocked Massimo Cellino from taking control of Leeds United on Monday after the Italian was fined for tax evasion, throwing the English second tier club into turmoil.

Cellino, president of Italian Serie A club Cagliari, had agreed to buy a 75 percent stake in former English champions Leeds but the deal was conditional on clearance by the Football League.

Dubai-based GFH Capital, who bought Leeds in December 2012, had planned to retain a 25 percent stake in the club had the deal been ratified.

However, the League's board disqualified Cellino from acting as a club director after an Italian court fined him 600,000 euros ($826,900) last week by an Italian court for failing to pay import duties on a yacht.

"The (Football League) board agreed unanimously that the decision of the Italian Court does constitute a disqualifying condition under its Owners' and Directors' Test," the League said in a statement.

The English soccer authorities have been under pressure to take a tougher line on scrutinising club owners after Birmingham City boss Carson Yeung was jailed in Hong Kong this month for money laundering.

Cellino has a previous criminal conviction in Italy for fraud and was banned for four months last year by the Italian Football Federation after Cagliari sold tickets for a match supposed to be played behind closed doors.

Leeds last won the English title in 1992 and remain one of the best supported clubs outside of the top flight. However, they are marooned in mid-table with no real chance of promotion this season.

Fans' hopes that the GFH takeover would herald a new era have been dashed and the uncertainty over the club's future ownership has weighed on the team this season.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
DP Ruto accuses Raila of selling ...

DP Wiliam Ruto has castigated Raila Odinga for seeking western support to fund his 2017 election bid. Read more...

Submitted by
William Korir
Peter Kenneth announces Uhuru 201...

Peter Kenneth has announced that he will support President Uhuru Kenyatta in the 2017 elections. Read more...

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...