By Joseph Keith
The Football League have announced that Massimo Cellino, current owner of Serie A club Cagliari, has failed their Owners’ and Directors’ Test and therefore cannot complete his proposed buy out of Leeds United.
The East Stand of Leeds United’s Elland Road stadium.
A statement on the governing body’s website says: “Having fully considered the matter, the Board agreed unanimously that the decision of the Italian Court does constitute a disqualifying condition under its Owners’ and Directors’ Test.”
The decision comes after Mr. Cellino was convicted last week in Sardinia for attempting to avoid paying import tax on a yacht.
The club’s future is now in question, an approach from a rival consortium led by Mike Farnan, former Managing Director of Manchester United, is expected later today.