Cagliari vs. JuventusAs Massimo Cellino closes in on his takeover of Leeds United, the Italian has started to outline his plans for the club.

In an interview with The Financial Times, Cellino confidently predicts he’ll pass the Football League Owners & Directors test and says he’ll be having a meeting with the Football League next Wednesday.

An English company will be set-up which Cellino will control 9.5% of, while his family control the majority stake. Once the takeover completes, Cellino says he plans to move to Yorkshire and take on the role of club president.

Cellino insists he has the funds to take Leeds United forwards and plans to demonstrate his seriousness next Thursday when he’ll visit the bank to repurchase Elland Road.

“On Thursday I am going to the bank and I will buy our stadium. I have the funds to buy Leeds and to run Leeds.”

Along with a promise to restore Leeds United to the Premier League, Cellino also says he’ll invest in Leeds’ Academy and scour the globe in search of new players, an area where he’ll maintain the same “hands-on approach” he had at Cagliari.

The full story can be read in The Financial Times, though this does require a subscription since the site is behind a pay-wall.

  • dessss

    I can’t see the attraction!!!

  • Kithkanan

    hmmm hope the players he scours the globe for are a bit better than Cagliaris

    • Matthew

      Benefit of the doubt time, the window was almost closed, its entirely likely he lined them up last minute.

    • RContini

      Davide Astori
      Davide Biondini
      Roberto Boninsegna
      Mauro Esposito
      Federico Marchetti
      Francesco Moriero
      Roberto Muzzi
      Giuseppe Pancaro
      Cristiano Zanetti
      Gianfranco Zola
      Radja Nainggolan
      Luís Oliveira
      Nené
      Patrick Mboma
      David Suazo
      Julio Dely Valdés
      Alberto Gallardo
      Julio César Uribe
      David Nyathi
      Eric Tinkler
      Marco Pascolo
      RamonVega
      Daniel Fonseca
      Enzo Francescoli
      José Oscar Herrera
      Luis Diego López
      Fabian O’Neill
      Darío Silva

      • Wayne Wellwood

        Some right names on that list, Francescoli what a player he was.

        • Irving08

          Absolutely.

      • Nigel Evans

        I gather he sold most of these players on eventually though??? Ahhhh

        • Wayne Wellwood

          No they all wanted to stay at a relatively small mid table team and retired with testimonials like all footballers do.

          • Nigel Evans

            So im honestly curious, why haven’t Cagliari done better in Serie A Wayne ? Whats your take on it ?

          • Wayne Wellwood

            RContini above sums it up perfectly for me Matthew, Small town club, small stadium old, stadium he didn’t and couldn’t own I might add and a lot of political trouble getting a new one and obviously the problem of bigger reputation clubs poaching his playing talent… We are Leeds, He won’t have that problem here. No debt owns his own stadium investing in youth facilities and once we are back in the big time who’d leave Leeds for anyone else?

          • mrbigwheels

            Will I live long enough?.

          • Wayne Wellwood

            We are not too far off the play offs and the loan window is about to open, You might only have to keep that old ticker going a few months my withered old friend. ;-)

          • TSS

            Joking aside, the way you transition from a “small mid-table” club to a big one is by keeping hold of key players and winning trophies.

            And I’ll pre-empt your response about the stadium troubles they’ve had because for most of the 22 years he’s been there, they’ve had a 20,000 seater stadium, which sounds small by English standards, but the average attendance of top teams in Italy isn’t much higher. And with success, you expand – like Scum did.

          • Wayne Wellwood

            He didn’t own the stadium like most clubs in Italy the local council I suppose we call it do, He tried to move to a new stadium but was then shit on from a great height by the Council and charges where brought. That’s why he wants out of Italy and wants us. No debt owns everything… Perfect for Cellino to compete with the big boys for players buying or selling.

          • RContini

            Yes and that about thier ceiling of acheivment, even with a billionaire owner, theyd still be playing in front of a small crowd, much like Monaco do now for example.

          • Iriving08

            That’s why we must never move. It’s our history. (If nothing else Bates’ stand probably ensures that we stay put for a good long time.) Hope Cellino now opens our Museum.

        • RContini

          see my reply above.

    • RContini

      Cagliari have had qite a few decent players under Cellinos tenure. most of these were either scouted or raised in the youth academy during this time.

      • TSS

        Is it not a point of contention for Cagliari fans that they were ultimately sold on to bigger clubs though? Becoming a feeder team for City, Scum and Chelski isn’t the future any Leeds United fan would want.

        • RContini

          Cagliari fans are often a little deluded as to their status, they feel they should be able to compete for honours (as they did in 1970 briefly) but this does not match the reality of modern football. as I keep saying, they are a small club from a small, essentially poor town with no facilities and no realistic chance of getting near the top. There is no realistic chance of stopping Juve or Milan when they come in and turn a players head. eg Matri left for Juve but a least Cellino got E18m for him. More recently Cellino released Naingollan and others for less than he could have because he could not keep such quality at the club when there was no end to the IS Arenas stadium crisis.

          Leeds in comparison have massive potential, superior facilites, a decent stadium, a large existing fan base which rivals any team locally at least and a huge catchment area. Strip away the owners and there is little between ourselves in size compared with the other Premiership teams like Man City for example, so i think once we are up there in the prem, Cellino will find it a lot easier to hold on to players.

          • TSS

            Fair comment. Let’s hope you’re right.

          • Nigel Evans

            A positive post…….his comments about the youth system was most appreciated. Youth developments one of the facets of football that I find most rewarding and its important to me as a fan that Leeds United continues to give chances to young local talent rather than just fill the team with foreign players

  • Leeds For Now

    A huge statement, if true, from Cellino. Of course as Leeds fans we’ve come to learn that talk is cheap, Haigh, Patel,Noorudin, Flowers et al, all gob and no substance. Oh for a time when we own our own ground and training facility again, along with investment into the playing squad, do we dare to dream……….

    • Roberto

      Huge promise, that one! And though he already showed what a liar he is, and my mind says no way he’s gonna do that so soon, I’d really love to be able to trust him

  • LUFC_MAC

    We better not start playing in RED!!!!

    • John Drake

      Used to do in the 70s, second strip.

      • mrbigwheels

        Well remembered John.

      • Irving08

        Great strip it was too.

  • Fred

    This guy has got the balls Leeds needs!!

  • Bluesman

    That is goodbye BM then. He will never stand for that, not unless he tells him where to find them. Perhaps they will both fly out to Brazil or somewhere in holiday shorts and Panama hats, chain smoking, lol I don’t think so. Anyway, so much for Cellinio adapting his style for English football. I don’t think this Man is going to take much notice of anyone! Anyway, it is nice that they are all moving to God’s county. We will probably meet them all with their shopping bags in the Arndale centre.

  • Wayne Wellwood

    Now lets all get behind the club and enjoy the ride… I like how he says “On Thursday I am going to the bank and I will buy our stadium” The most… Like he’s off to the cash machine for a £20. MOT.

    • TSS

      Yeah, that bit tickled me too. Bit about his “hands-on” approach to player recruitment troubles me though, it’s like he’s playing FM2014 for real.

      Should be interesting if nothing else…

      • Nigel Evans

        His interference with player signings and the team is what I also am most concerned about. I humbly suggest that may be one of the reasons Cagliari didn’t do better in Serie A.

      • Irving08

        We need someone’s hands on it because we don’t appear to be very good at it !

  • Aplanir

    well buying ER back good start to Leeds been in profit again..
    marciando su insieme!!!!

  • LEEEEDSSSSSS

    “On Thursday I am going to the bank and I will buy our stadium” LAD

  • John Drake

    A ‘hands on’ approach to buying players. Gotta love these rich blokes who think they know how to run a football team despite having no experience/qualifications whatsoever. I’m put in mind of a Roy of the Rovers cartoon strip from the 70s, ‘Millionaire Villa’ where ace finance wizard David Selby gave some third division team two million quid as long as he got a game every week.

    • Wayne Wellwood

      He’s done it for 20 years. I don’t like it either but it’s how he works, He hasn’t been too bad at it over the years either mate football wise.

      • Nigel Evans

        Are you a relative of Cellino, Wayne ??
        ……or should I call you Gianluca ????

        • Wayne Wellwood

          Ha, No mate I’m sat in Keighley hardly very Italian. I knew of the man, I follow football abroad as well as at home, I’m a bit of a geek that way so I always knew Cellino had the money and balls and hoped everyone else would start to see it eventually too.

          • Nigel Evans

            Hes certainly been desperate to buy an English club, I read that he tried to buy West Ham, then Crystal Palace, then QPR and then Sheffeild Wednesday since 2010. I hope he appreciates that Leeds United is special and different to those teams. Perhaps you could tell him for us ?

          • Wayne Wellwood

            again haha But I suspect like all big guns he fancies playing in the big league with a big club something he could never do in Italy with Cagliari, He just about has his hands on a massive name in british football who are one of the most well known clubs around the world. I expect he will make people take notice, after all he does like the limelight and what better stage than the premier league? MOT.

        • TSS

          Wayne certainly deserves a job on his PR team if nothing else, I’ve never seen anyone work harder over so many days to try and convince cynical fans of someone’s intentions.

          • mrbigwheels

            Well done Wayne…

          • Nigel Evans

            Hes young and full of beans. Im sure by the team hes reached his 50s he will be almost as cynical as us

      • TSS

        Indeed he has, but it has to be noted that the standard of football in the bottom half of Serie A doesn’t compare to the standards in the Premier League. Should also be noted that money-wise, they’re entirely different leagues (which explains said standards) and his approach has never worked well over here.

        Even the Director of Football thing has been a joke at 90% of the clubs who’ve tried it, the only real success is City but when you have endless trillions bankrolling players it would take some extreme levels of incompetence to fail.

        • Matthew

          Slightly offtopic but City have finally become the finished article almost, after 100s of millions, they now have a strikeforce capable of banging 100+ goals in a season(Granted, includes cups, euro etc) but that’s money well spent.

          • TSS

            Can money be well spent if you never see a return on the investment? I mean, City are never going to profitable enough to put the owners into actual profits. I’d argue Arsenal and Bayern Munich are a better example of money well-spent, City are an example of money well wasted. Must be nice though, eh?

          • Matthew

            You’re right, I’m just impressed by their success this season, granted I’m sure the owners of the club won’t care about the money spent as long as they win things. At the end of the day the club that spends the most has a higher chance of achieving something in the Premier league and they’ve almost found that level. If we ever get promoted in the future, we will need a properly rich owner to even compete with the top 6 in the Premier league.

          • TSS

            There’s the Arsenal/Spurs approach too, but ultimately, they’re going to be playing second fiddle to Scum, Chelski and City most of the time. I’d take Arsenal’s setup though quite happily.

  • Matthew

    Owning the stadium adds a lot more value to the club as a whole, more than what he would spend re purchasing it. It’s a good start. Let’s see what happens.

  • Wayne Wellwood

    Read Vital football’s latest article he says more.

    • TSS

      Yeah, there’s a couple more quotes, the jist of which I covered above, but the FT is behind a pay-wall so I didn’t want to totally rip them off.

      • Wayne Wellwood

        Here’s another quote from Cellino “A club like Leeds has big potential. I want to see Leeds United versus Manchester United like it used to be. I want to make the fans happy. I know what it means to be a fan,”

        • Nigel Evans

          Nice sentiments but actions speak louder than words! Look at the rubbish spouted by Bates and then Haigh….lots of PR. When Mr Cellino arrived at ER last Friday it was pretty evident he didn’t know anything about Leeds or its fans or he would have been a lot more subtle with how he handled things. I hope hes learnt a bit more since

          • Wayne Wellwood

            I’ll take ER as a good will gesture more than anyone else who’s come with promises has done for us in the last 10 years plus. Its all over my FB feed so I presume most will see it TSS.

        • TSS

          The reason I avoided that one is because fans have heard it all before, I was sparing them the deja vu of broken promises from previous owners.

  • PMH

    If Cellino has employed 36 managers in 20 years, then that means he has hired 35 and fired 34 of those. What this tells us is that he hires managers that he himself finds unsuitable. Hey friend, why did you hire them in the first place? Rapid firing, as we know, is the first sign of inept ownership. The latest is poor Laudrup who got fired in favour of … nobody! They hired a player with no managerial experience. Idiots! Anybody who reads Italian might want to research that firing record, because he is not going to change the habits of a lifetime.

    It is possible that Cellino will pump in some cash to buy the stadium and recruit some talent. That would be nice, but it is nowhere near enough to establish Leeds as a permanent fixture in the Premier League, where we should be. That task is going to take sensible and mature judgment, and there is no evidence of those qualities anywhere to be found. Is our best bet to hope he eventually gets bored and flips the club in a couple of years?

    • Wayne Wellwood

      Why always so negative? He could of just walked away after the farcical events of the last week but instead is doing exactly what he said whilst warning us “he likes the hands on approach”. it’s either that or face watching Farsley instead if you believe all the financial stories that is.

      • mrbigwheels

        Respect your right to viewpoint Wayne but you obviously haven’t had 50 years following Leeds United. Some of us are well used to broken promises and I’d quite like to point out the farcical events of last weekend were caused by Mr Chellino and our Chairman… neither of them with a true understanding of LUFC… at the moment, imo.

        Both of them will have to exude real commitment and responsibility in the future to match that of the Fan base and our Manager.

        .

        • Wayne Wellwood

          Agreed he could have handled that much better but surely buying the ground straight away basically the day after he buys us (If thats what the meeting is for wednesday) shows you he’s a bit different to all the people who have come and gone through ER in the 25 years I’ve been following them? Not one has done anything near as much in such little time to help the club.

        • Irving08

          Broken promises ? 50 years ? MBW. Surely ‘promising’ only came in with Ridsdale (or coincided with his tenure) ? I don’t think Chairman before him felt they had to ‘make promises’ to fans. .

    • Roberto

      My thoughts exactly. Cellino might take us back to the Prem but we would languish in mid-table at best or become a yo-yo team

      • Tim

        How do you know that I ask myself. Perhaps mid table in League 1 after Administration and a points deduction would suit you better?

    • Bluesman

      Spot on and very astute assessment. Bang on!

    • RContini

      Why not? he’s kept a much smaller team than ours in Serie A for 10 years now, through the worst financial crisis since WWII, and found a fair few decent players (see my post below) along the way.

      • Nigel Evans

        But Leeds are not Cagliari, I don’t know about you but my ambition as a Leeds fan is more than just staying up in the long term.

        • RContini

          exactly, we are not them, so if he can do that with such a small team with no revenue, what could he do with us? with our fan base, stadium and premiership TV money.

    • Aidenio

      19 in 22 for us? Not much better…

    • Irving08

      Whatever the reason for his changing coaches, it seems to have worked; he kept a very small club in Serie A for 20 years. Anyway he will be sinking a sizeable portion of his wealth in Leeds; this is bound to affect his behaviour, as will the size and complexity of the club. And I see nothing in his record to suggest he is ‘a flipper’ ; on the contrary, he seems to be a sticker. I understand your wariness, but my hunch is that you underestimate Mr Cellino.

  • mrbigwheels

    Massive start… just got to keep the fans on board or he’ll be double chain smoking.
    As for Brian ?… not going to be easy for him, Noodlesguy will continue as Chairman and he’s wanted Brian out for a while. What influence DH will have will be any ones guess.

    Can’t wait…

  • Colin

    WHAT’S THAT I CAN SMELL? AH YES, IT’S BULLSHIT. I’M A LEEDS FAN, I CAN RECOGNISE THAT SMELL ANYWHERE.

    • Wayne Wellwood

      We will see Thursday, Lets try hold off the hanging for a while. The song does say Marching on Together after all.

    • Irving08

      Defiine bullshit, Colin..

  • number1inyorkshire

    seems to me that the leeds fans on here are starting to warm to the Italian …
    well good because right now he is the next owner of LUFC ..
    he will bring some dosh but whatever happens dont get your favourite players name on your shirt and certainly not the managers…
    he will get us to the premier league and he will buy back the ground but us the fans will pay for it…
    we will be full of foreign players and foreign managers and foreign ideas ….
    but we wanted bates out well he is out cellino will be in ….

    • Nigel Evans

      Is foreign always the right way to go then ?? What about our youth players ??

    • Wayne Wellwood

      You do realise this point basically describes every top team in England? we will be full of foreign players and foreign managers and foreign ideas ….

      • Nigel Evans

        No offence but I think that’s not always a good thing……
        Don’t go moaning about the poor performance of our national teams when you embrace everything foreign

        • Wayne Wellwood

          I wont they’ve ruined the national team but the simple fact is if you don’t you can’t compete. Whats the point in aiming high if your gonna settle for mid table of even worse a relegation dog fight?. Any team who goes up to the Premier league and doesn’t invest is usually instantly relegated… and I don’t know about you mate but I don’t like Yo Yo’s

    • John Drake

      Bring back Manny Cussins!

    • Irving08

      Christ it’s only Italy, Number One, or Christ, it’s Italy, Number One, bellissimo !
      If we were going to end up with a foreign owner, better it be one from a country with a football culture as deep-rooted and rich as ours.

      • number1inyorkshire

        not picking fault with ITALIANS Irving infact i welcome him, met him last week actually ..
        my point was we are gonna have to get used to a new culture ,which we leeds fans and we yorkshire people struggle with we have a bit of northern stubbornness …he will not engage the fans he will ride rough shod over everyone to get his way ….

        The statement from fans ,Lust etc “this is our club” etc will mean nothing he will very much see it as his club and he will do what he wants with it .dont rule out a ground change either …and anew manager within a month and a lot of loosing before the winning starts ..

  • Flippin-Pop-It-Bruva

    Some crucial Information Cellino will need to make this a success …………
    1. Don’t bullshit the fans [they arent stupid] tell it strait or dont say anything at all.
    2. Dont sack a manager every 6 months.
    3. Don’t interfere with the football, Let the manager pick the transfers, Pick the formation and the players.
    4. Make the relationship with BM a priority.
    5. Stabilise the boardroom, dont make too many massive changes too soon.
    6. Stay away from the press and remain low key.
    7. Support the manager with funds in the summer to buy decent players [as little as 5 mill could revoltionise our team] If you sign freebees and loans every year the supporters will eventually revolt.
    8.Mediocrity is still failure
    9. engage with the community
    10. Dont mess with the history of the club ie re-branding or shirt colour changes
    If Cellino understands these 10 points he will have no problem from the Leeds fans, if he does any of the above expect a revolt so humongous that he wouldve wished he had stayed away : )

    • mrbigwheels

      Get it in the post Sir…

    • Irving08

      Good list but you may have to give a bit on 3. And you could add – arrange a pre-season in Sardinia.

  • John Drake

    This ‘buying back the stadium’ waffle. Who’s he buying it back for? It’s just one bloke buying it from another bloke and adding it to his portfolio to do with as he pleases. It’s not like the fans are suddenly going to own it in a co-operative trust, is it?.

    • Wayne Wellwood

      It’s almost certainly being bought off Ken Bates so I personally love that the little fat smurf will be gone forever.

      • John Drake

        To be replaced as owner by a slightly thinner Italian. Same smurf, different day.

        • Wayne Wellwood

          You are entitled to be cynical John but your just choosing to assume the worst I’d rather listen to what Cellino is saying and judge him by his actions. Buying our ground back off that vermin won’t erase the memory of last friday night but It certainly put a bit of a smile back on a lot of fans faces.

      • dessss

        I wonder how much money Bates did actually take out of Leeds.
        If only the old cynics here were playing that game when Bates first arrived but no, Bates abused and laughed at Leeds fans from the very beginning and hardly anyone said a word.
        Cellino is starting off differently simply by putting money in to our club.
        Who knows where this ride will end.

        • TSS

          Plenty of us said Bates was bad news, we were just shouted down by the “he’s an experienced businessman who knows how to run a football club” people who totally ignored the mess Chelsea were in and the troubles he’d caused while there.

          I had the “advantage” of my father being a Chelski fan (he hated him as much as I do now) so predicting what was to come was all too easy unfortunately.

          A big part of me feels my concerns about this guy are very similar and it’s all a case of deja vu, but since he’s basically here now, I guess we can only wait and see.

          • Ev

            My father also predicted that Bates would be bad for Leeds………was a few years before I realized he was right

          • Irving08

            There plainly are similarities in style, but there is one significant difference of substance. Cellino appears to be focussed on the football; he does not have Bates’ cynicism about the game.

  • Colin

    You pro-Cellino fans are mugs. You’re buying lies again. You’re up his arse already and he’s done fuck all for Leeds United. Apart from sack the manager on Friday. Remember that?

    Why are GFH being quiet all of a sudden? Why are Together Leeds approaching the Football League with proof of funds, because GFH won’t talk to them?
    Because he is dodgy. Once he’s got his feet under the table, he can do whatever he likes.

    Multi millionaires Ridsdale, Bates, Haigh, Patel, Nooruddin, Alrayes lied to us. They prosper. Leeds flounder. Living month by month, loan after loan, just to keep the lights on.

    Cellino is going to pay £25m for a 75% share. Buy Elland Road for £15m. And pay off creditors to the sum of £10m? He’s just going to take £50m out of the cash machine? What planet are you guys on? Do you really believe that?

    He looked at West Ham and Sheffield Wednesday before. If he wanted Leeds, he’d have gone straight to Leeds. He wants to make cash out of a club. The model for that exists. Bates made cash. GFH made cash. Cellino will make cash.

    OPEN YOUR EYES. DON’T BUY THESE LIES.

    • Wayne Wellwood

      I guess you won’t be attending any future promotion parties if your assumptions about Mr Cellino are wrong? And if I’m wrong we will back where we are right now… I like those odds.

      • Colin

        Wayne, I hope it works out well for Leeds. BUT and it’s a big BUT, all these fans who have sided with Cellino, should it turn out that he’s a shit like Bates, will start demanding that he is burned at the stake. Fickle. And that seriously annoys me.

        I supported GFH Capital. I don’t disguise that. They did so much right for the club, connecting with the community and ridding us of Bates as an example. But I think that the good guys, like Haigh, got beat down by the money men, like Alrayes.

        I don’t have a bad word to say about David Haigh. I like him. But his vision wasn’t shared by his employers.

        But we’ll see. I hope Cellino is genuine in his Leeds project. I hope we do well. But I can’t assume that at this moment in time.

        • Wayne Wellwood

          Agreed GFH did do some good work up until the takeover fiasco I was very supportive of them too but all I could see with the consortium was or is (if they are still about) a load of guys who couldn’t raise enough to compete with Cellino. We have had enough people promising to find money once they came in. These guys couldn’t even raise enough to buy us and if Cellino does buy the stadium on Thursday he will have done more to sort out this club financially than any one has in a hell of a long time.

        • dessss

          Fickle-changing frequently, especially as regards one’s loyalties or affections.

          If Cellino does not do as he has promised I reserve the right to want to burn him at the stake.
          Our loyalties are with Leeds United and all who break promises should be chased out of the city.
          But he deserves his chance and he seems the only chance right now.

        • TSS

          While you make some good points Colin, “fickle” is harsh, we can only really judge on actions.

          I too was very supportive of a lot of the stuff GFH did, for a time, they seemed to be running this club very well. But these last few weeks undid all that, so call me fickle if you like, but I’d suggest it’s more a case of judging people based on actions rather than expectations, promises and what-ifs.

          Put simply, they fucked up. Badly. And no amount of David Haigh charm can change the fact he’s Managing Director and bears a lot of the responsibility (not to mention it was the consortium he headed which paralyzed the club for an entire month).

          • Ev

            I don’t think we will see the real CELLINO till atleast the summer, maybe even a year. We need to get through the honey moon period first…

          • Colin

            I concur. We can only judge on actions. And as for Cellino, he has made only one so far. Sacking McDermott. Talk is talk. I’ll believe actions when I see it.

          • TSS

            I’m with you completely on that one, he’s not my choice either. But this is the situation we’re in so we’ll have to give him a chance and see what happens…

        • Ev

          I agree with your suggestion that Haighs vision was not shared by all of his colleagues. It appears Nouruddin was one of his adversary’s.
          I still hold some sympathy for both Haigh and Flowers and I hope they keep in touch with the fan base

  • Wayne Wellwood

    Just been confirmed Cellino has sold Cagliari.

    • TSS

      Same news that was circulating earlier, doesn’t do anything to clear up the confusion of whether the sale has actually gone through yet and who he sold it to. Italians are as confused as the rest of us too it seems.

      • Wayne Wellwood

        The news I saw earlier said they where for sale. This is the first story I have seen saying they have been sold.

        • TSS

          I see. Well it comes from an Italian newspaper who he’s texted to say he’d sold the club, but it conflicts with what he told the FT and various other stories. There was a quote somewhere of him saying it’ll be sold next week, so no one really has any idea at the minute.

          There’s been no official announcement so far anyway, just conflicting comments from Cellino.

  • Wayne Wellwood

    Daily Mail have an interesting new article up, Some points I haven’t heard before about the financial difficulties too.

    • TSS

      http://www.dailymail.co.uk/sport/football/article-2553445/SPECIAL-REPORT-Real-story-dirty-war-fought-Elland-Road.html

      Yeah, was just reading it myself. I think they’re spot on with a lot of it.

      • dessss

        “Their failure to raise sufficient funds opened the door to Massimo Cellino — and then things got really tasty.”

        TSS do you believe that bit because you were saying I was making it up about them not having sufficient funds

        • TSS

          Different bids. Sports Capital was the one which collapsed before Cellino came in. Farnan’s bid then incorporated some of Flowers’ team later on, but Farnan had his own group already.

          I do understand the confusion now though.

          There’s been three bids total –

          Sports Capital – (this was Haigh and Flowers) Original bid, DID prove funds or due diligence wouldn’t have taken place. Changed original offer following findings of due diligence. Club owes at least £6m to members of this party so they weren’t exactly poor.

          Cellino – Don’t need to explain that one.

          TogetherLeeds – Mike Farnan’s consortium, later adding Flowers and Haigh to the mix after their bid collapsed. This bid has never been heard by GFH for whatever reason, but they’ve insisted publicly they can prove funding and have asked FL to intervene.

          Mail is wrong about the first bid, Leeds United wouldn’t open the books and give two months exclusivity unless proof of funds had been given, this is basic practice, I can only assume the writer hasn’t fully understood the situation because he should really know that deals like they had aren’t signed until proof of funds has been established.

          A price and an agreement to buy shares had already been reached (this was even published on club’s OS as a statement) but Flowers felt it had to be altered following due diligence, but by this point, GFH had Cellino interested so they had the upper hand I guess. That’s why the bid collapsed, it had nothing to do with failing to raise funds, it was a disagreement over price.

      • dessss

        This is contrary of much what you were telling me earlier TSS.
        I’m talking about Flowers having the funds.
        That is fundamental to the whole article.
        They like I believe he did not have the cash.

        • Dr Zen

          Sorry but they, and you, are wrong, and TSS is right. They had the cash but when the looked through Leeds’ books they realised it wasn’t worth 25mill and wanted to pay less. This is pretty standard when you buy a business unless you want to burn money. Mr Cellino may well have some money to burn. Let’s hope so, eh?

  • Wayne Wellwood
    • Wayne Wellwood

      more financial details leaking out… Seems Cellino is fishing us out of that creek cause someone seriously lost the paddle.

      • Dr Zen

        That isn’t what happened. I know you like Cellino and maybe you will turn out to be right. We’re all hoping so. The takeover didn’t collapse because they couldn’t raise the funds. It collapsed because they found the business was not worth 25mill. These are different things.

        I mean, I get it. You think that they should just have paid what they were asked. But that’s not how business is done. Cellino is overpaying for Leeds. I get the strong impression that he is not doing thorough due diligence so you’d better hope he has the kind of money you think he has and has the desire to throw it into a pit, because otherwise, we’ll be just where we are now, except some Italian dude will be picking the team and bringing in Italians you’ve never heard of, some of which you’ll wish you never did hear of at all.

        It may work out. There’s a lot of maybes floating around. It’s not likely to be everything you want, and probably, to be fair, not everything we might fear either. Maybe he really will walk in, slap 25 more mill on the table and go, right, that’s the ground, the debts and a few quid to keep the lights on, let’s go. If he does, maybe we’ll grow to love him as much as you do, Wayne :-)

    • mrbigwheels

      Beginning ti see why Farnham and Co originally offered the owners £7+m plus the debts…

  • Wayne Wellwood
    • mrbigwheels

      If their claim that GFH may have even turned to Bates up to last April for financial assistance,,,, then I am disgusted with them…

  • Wayne Wellwood

    I think as more and more financial news leaks out of Elland Road I can’t be the only one who see’s what a massive investment in our club Mr Cellino is making and its obvious to anyone who wants to see it that he wont get any return on this investment by lingering around in the middle of the Championship. This is just my opinion but I think it can only result in good things with maybe the occasional bump along the way for us fans of Leeds Utd… We are Leeds and like a phoenix rising from the ashes we will soon return to our rightful place amongst the countries elite.

    • mrbigwheels

      Cellino hasn’t done due diligence…. he’ll be offering them £10m soon and the GFH idiots won’t entertain Farnon to the table or let him do DD either.

      They will hang themselves here if Cellino stands firm… What a mess.

      • Wayne Wellwood

        I doubt that, He’s got his hands on a big club that can compete on the big stage, He’s waited too long to let this chance slip now.

        • mrbigwheels

          What I mean… here is…

          Cellino buys the Club… next week, at the talked about price or he reduces that price due to all the dept info coming out.
          or …
          Farnon and Co get to talk to GFH and do DD… unlikely.
          or …
          Flowers plus others initiate the winding up order which stops a sale of the Club purely to protect his/their loans and monies owed to creditors.

          Forget whether Cellino or Consortia should buy the Club…
          This is surely about Dept Protection to other parties?.

          • Wayne Wellwood

            If GFH sell to Cellino and he then pays off the outstanding debts then the winding up order is gone, Or so my limited understanding leads me to believe.

          • mrbigwheels

            Cellino has not done due diligence.

            As we stand there are no further offers for the Club
            He can pay GFH when he likes now and reduce his offer
            He can pay off the outstanding depts, but more keep appearing
            He can say woo, this is not the deal I thought… too much money.
            Flowers order would halt any sale, I believe, this would allow him to re-enter the bidding, surely, as the biggest creditor
            GFH need to sell next two weeks… they are snookered.

          • Wayne Wellwood

            I would assume he is expecting to complete the purchase on Wednesday if he gets clearance off the FA after all why buy the ground if you don’t own the club? and that GFH are ready with the keys as soon as he can pick em up.

          • mrbigwheels

            Great positivity Wayne but I personally think this will run and run with the winding up order empowered next week preventing Cellino from getting the keys, as you put it, that quickly, plus I think you will see him reducing his offer. £25m plus £15m of dept to pay off makes quite a total to value LUFC at… and another £15m for ER is quite a chunk of Cash…

            If he covers all that then that can be classed as a statement.
            Hope he does but think we’ll see other developments.
            A great pile of poo, unfortunately… I’m just looking forward to football at Yeovil really….

          • Wayne Wellwood

            As TSS said I’m sure Cellino knows of most this debt. After all he has paid some of it already if reports are to be believed. I’d also add that he’s waited knocking on for 9 years I think for this opportunity and he’s easily rich enough to pull his wallet out for a few million here and there that pops out the woodwork. You really are underestimating this mans financial muscle. What Cellino wants he gets. No way would he sell Cagliari if he wasn’t positive he wanted this deal done… Whatever extra it might cost it’s still far less than the £100 Million he was willing to pay for West Ham.

          • mrbigwheels

            Well done and thanks Wayne… hope the Club just goes forward..
            Sleep mate…for me… cheers.

          • Wayne Wellwood

            Same here matey, I’m all discussed out.

          • TSS

            “Cellino has not done due diligence.”

            Not sure that’s true. I think it was Phil Hay who revealed a couple of days back people from Leeds have been speaking with Cellino since October (Haigh tried to get him involved in consortium originally I think) and he’s said himself he reviewed the figures, so he’ll have a solid enough understanding of the mess he’s getting himself into.

            Anyway, I’ve just realised it’s 01:30 and since I have to drive 200 miles at 6am, I should probably get some sleep.

          • mrbigwheels

            Ok, thanks.. not sure but is the Club worth £40 m (25+15dept).

          • Wayne Wellwood

            not yet but double that plus if we get up and stay up.

          • mrbigwheels

            Thanks David.. Yeah I have to be in Suffolk unfortunately but …it will all happen… Have a great day.. lutv radio for me, if I can… cheers mate…

    • PMH

      Your mistake is in assuming rationality and sound business judgement. He has not shown this in 20 years of football ownership.

      • Wayne Wellwood

        Really? A small town club he ran for 22 years in a tiny state owned stadium and stayed in the top division for the last 10 years straight whilst also producing some wonderful youngsters. If he can do that with a club as small as Cagliari then what could he achieve with Leeds? The one thing about Cellino even the people who questioned his history with the courts will acknowledge is that he is without question a highly successful football man who competed for years above his weight with the likes of Juve and the Milan clubs. His football history can not be questioned unless you haven’t actually looked into it in the proper light.

  • Weare

    All people saying Cellino is like Bates… The guy just rejected a £6m from Cardiff for McCormack? Bates would have probably taken £1m…

    • henrymouni

      VERY TRUE, Weare!

  • Tare

    Cellino Family has only one problem here that they are Italians. Since I have been in UK in ICT business (1980s) well you never know the outcome of the whole episode. This “leaked” news for the tabloids of other solution than putting money in to the our beloved LUFC club well that is pretty unbelievable. If they want to invest and have the Capital well why not.

    Tare

    • RContini

      “Cellino Family has only one problem here that they are Italians” Leave that out in future please, no place for that sort of talk on here.

      • Tare

        Sorry to hurt your feeling but every one in this site understood this one as defending the Cellino Family so maybe you check your English Language And Phrases Education. So take it easy boy and good luck.

        Tare

        • Wayne Wellwood

          RContini I don’t think Tare meant anything by the comment I assume he was using it to make a point that the main issue with some fans about the take over is that we are now in foreign ownership, Nothing sinister.

        • RContini

          oops, sorry I misread. I’ve read so many borderline/actually racist comments in the last week that I jumped the gun. its starting to grate….should be used to it by my age.

          • Tare

            So now you joining this site tell us about yourself. No personal but You definitely worked yourself out in this media so are you Gagliary fan or something? I have visited Sardinia in my earlier years with my Family so get on with it?

            Tare

          • RContini

            I’m an Italian who was brought up in Leeds, I’ve been here 30 years now and I support Leeds, part time attendee at ER which is 5 mins drive from where i sit now. I also follow Italian football religiously and have observed Cellino’s entire 22 year tenure at Cagliari, and I think he has overall done a very decent job there, keeping them punching above their weight for the majority of the time, so I was moved to join the site to try and calm some of our fans getting scared because of the sensationalist news coverage over the last week. If you look through my posts, I’ve just tried to give an Italian point of view and explain how things are done over there to those who don’t watch Serie A,

          • Tare

            I think that Gagliary v Leeds Uniteted Fooball Club is totally different from ownershipsm, fanism or even culture side. Leeds United is bigger than life for sure, some of us has been supporting this very club since late sixties. We have this attidude that DRs Total Football was in the same bracket as 1950s Real Madrid, 1970s WC Brazil team, Ajax 1970s and finally Barcelona 2000s. Maybe in respect for AC Milan in UCL final 1994 they were bulldozers.

            Tare.

          • RContini

            also for the record I also support Juventus, my extended family is 50/50 Juve and Roma

  • Flippin-pop-it-bruva

    Talk about being between a rock and hard place, as a fan it seems like we have little choice in supporting and welcoming him to our club. I now fear that Shaun Harvey now has a massive role to play in this whole saga. He is mates with Bates so what would Bates want? That he fails the fit & proper test and then buys Leeds and he buys the club back at a reduced price?? Luckily its just my paranoia working overdrive, but with the league not sanctioning Tabenelli’s loan, isnt this a bit of a sign for The footballs league stance towards the Italian. What scares me the most is what happens if he doesnt take over…….we have now gone way too far to turn back……………..

  • Irving08

    Is Brian trying to hang himself or not ? What the hell is he doing giving more interviews to the local media (see today’s YEP) ? My advice to Brian is to lie low, concentrate on the football and succesfully neogtiate some tricky away games a long way from home.

    • Tare

      Yep, too much information from McD, you can never talk your way back in. I hate to see this but fact is that every owner selects its own man. But what he can do? Not much I afraid.

      If Cellino Senior had any eye for the ball literally well he would give some lease for McD

      Tare

    • mrbigwheels

      YEP spinning out previous lutv interview with McD Irving… imo.

      • Irving08

        Thanks MBW. Brian is sometimes too cute for his own good. He’s had one reprieve; I don’t think Cellino will give him a second; and I dont think the crowe would be so unanimous in their support next time either.
        Come on Brian, give us and them (Cellion and the splendidly christened by MNW, Noodles) 6 points – you can do it.

  • luke brownbridge

    Cellino will pay what its worth. About ten million plus debt. His ace card was the investment he.d put in. Gfh dtill have an investment and who will make that investment rise. Buying back the ground and gfh investment will double.

  • mrbigwheels

    Club statement… exchange of contracts… subject to league approval.
    Noddlesguy and Alrayes both making statement… Apologies… but no mention of McD.
    Haigh… new CEO….

  • dessss

    Love him or loathe him
    Believe him or distrust him.
    The Italian is here

  • Helen LUFC

    McDermott is sounding very similar to the way Neil Warnock was talking towards the end of his time at Leeds, quite from the heart. It sounds from what he is saying that he’s not prepared to put up with any interference from Cellino, and is getting in first via the press to make this clear. Brian will have his principles, regardless, but Cellino sounds like a person who won’t think twice before sacking him. My feelings are that with a weak squad of players like we have and a new person in charge of the club Cellino will get rid of McDermott and bring his own people in. Brian will know this and will quite rightly stay true to his principles, but in the end with the players he’s got I can’t see him carrying on.

    • mrbigwheels

      So true I’m afraid.

    • Irving08

      Wenger and the departed Fergie being the striking exceptions, most top managers now have to live with a man to whom the owner or owners can turn for additonal advice on football matters, particularly on player and staff recruitment. Sometimes that person is called a Director of Football, but often she is not given a title a such. The desire to have such a person is both reasonable and understandable. It appears to work well in some cases Liveropol), less well in others (Spurs ?). Much depends on the personalities concerned and the clarity of roles. I find it hard to believe that BM could not work within such a structure: he’s not a hothead. But it is something he must explore privately with Cellino and whoever, not with us in public. It certainly won’t do him any good discussing the matter with journalists. It doesn’t do us any good either having to be bothered with it. Brian, keep shtrum. please, and just give us 3 points tomorrow.

      • mrbigwheels

        Always two sides to a story Irving…. in Leeds case sometimes three.
        ‘The others’… Noodlesguy, Haigh, Patel and Alrayes are all going to be subject to the ‘clout’ of the Italian and have to adapt and behave or they’ll be getting P45’s…. This guy is mainly autonomous….. me thinks.

        .

        • Irving08

          Too true MBW – now I wonder who would be your candidate for getting the P45 first ?.

      • Wayne Wellwood

        Irving08 I salute you, Exactly the response I was about to begin typing, You saved me 30 seconds of my life.

        • Irving08

          Cheers Wayne, it would have saved me longer of mine had you got there first ! LIke many of us, I have appreciated yours and Contini’s great knowledge this week. I was a Cellino man from the beginning, but more out of intuition than anything else. Also how could a Leeds fan who saw John Charles in his pomp not have a predisposition to support the Italian candidate ?

      • RContini

        True, thats why Cellino will want someone who is used to that scenario. I reckon McD will stay till the summer then when we fail to go up he’ll be let go and Celllino will install an Italian coach. I expect the Director of football to also be Italian so we will see a 3 man team running the football matters much like on the continent. When this works properly, the 3 will work together to get the players they all agree together and a free to concentrate on what they are best at, so there are >Source of money (owner) – Negotiator (DOF) and the Coach who concetrates on training the team. For good examples of this working well in big clubs see:

        Berlusconi – Gallaini – Ancelloti – a few years back.
        Moratti – Branca – Mourinho

        Agnelli – Marotta – Conte – currently.

        Incidently in the Inter and Juve examples, the DOF is the smallest ego of the 3. This seems to be the best way to go as trouble most often starts when the DOF goes above his station eg. Peter Kenyon.

        • Irving08

          I think you are probably right about Brian, although I have always thought he was better suited to a coaching role than to the full English managerial works. But he’s 52, has taken a long time to climb the greasy pole, and he may feel he’s grown out of being (just) the coach; that’s what he seems to have been signalling over the past week. Still at least any divorce should now be civilised. And Brian, if he thinks about it, will know he can’t lose either way: all he has to do is to get the the team to perform creditably for the remainder of the season. Yet another reason for him not to articulate too much in public.

    • PMH

      Cellino doesn’t have any people, other than those he hired five minutes ago.

  • Wayne Wellwood

    Superb news for me, Everything I have been saying from day one has come to fruition and I hope it continues to do so… Brian needs to be careful with what he is saying at the moment in my opinion. He will most likely get his chance but failure is not what Cellino wants, He will be expecting a play off push and promotion. If Brian can’t deliver this like all owners the manager will be gone. I also think we could be very busy in the loan window… Remember loans aren’t free and can be used to get players in you are going to purchase at a later date. Let the journey commence.

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  • Thommohawk

    Well we’re going to find out rather quickly about what we’ll be in for, either it’s a statement of intent and he actually does buy back Elland Road next week – which if he does it’ll get fans right on his side. Or it’s bullshit from a known fraudster. I don’t trust this guy at all but at this point I don’t care how unethical he is or it is as long as we get to the Premier League with a sustainable team and status like what Swansea have done as opposed to a team that spawns promotion only to come straight back down as reality is our team is nowhere near good enough right now without significant investment especially in defence