Cellino closing in on Leeds buyout
Wednesday 22 January 2014
Cagliari owner Massimo Cellino is close to buying Championship side Leeds United according to the British press, Football Italia has reported.
The Daily Mail has reported that the 57-year-old, owner of the Italian side since 1992, is the frontrunner to take over from current owners GFH Capital.
In an interview given earlier this week, Cellino reportedly refused to rule out a bid for the Yorkshire club, with the Mail reporting a deal between the parties is close.
Current owners GFH Capital took over the reins of the club in 2012 from Ken Bates.
Leeds currently sit 12th in the Championship under the management of Brian McDermott, having not won any of their previous six league games. They were also eliminated from the FA Cup by League Two Rochdale earlier in January.
The club previously spent 14 seasons in the top flight of English football. Financial problems saw Leeds slip down the table and they were relegated in 2004. They have spent 10 seasons outside the Premier League, eight in the Championship and two in League One.
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