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Word has it that Brian McDermott has been sacked


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So The Dirties' prospective new owner has two convictions for fraud?

 

That's squeaky clean compared to some of the characters in their past.

 

The football league will rubber-stamp this takeover, no doubt, assuming the correct amount of palm-greasing has been carried out.

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So The Dirties' prospective new owner has two convictions for fraud?

 

That's squeaky clean compared to some of the characters in their past.

 

The football league will rubber-stamp this takeover, no doubt, assuming the correct amount of palm-greasing has been carried out.

eddie, I know that you refer to lubricating the tall coconut bearing trees that you find on paradise islands. Just thought I'd point that out.
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It seems Cellino is currently sat smack-bang in the middle of a loophole in the "Fit & Proper" test...

 

His previous convictions (for fraud in 1996 and false accounting in 2001) are already "spent", and so don't matter, and although he is currently under investigation for embezzlement, the League considers him "innocent until proven guilty", so that doesn't matter either.

 

I know it's Leeds an' everything, but this is completely ridiculous.

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Winding-up petition just been filed too...

 

Leeds United shirt sponsor files winding-up petition against club

Leeds United's shirt sponsor Enterprise Insurance has filed a winding-up petition against the club over an alleged unpaid debt.

The company's managing director Andrew Flowers was part of the Sport Capital consortium that had an attempt to take over the club collapse last week.

Italian Massimo Cellino has since agreed to buy a 75% stake in the club, subject to the deal being approved.

The case will be heard in the High Court in March.

In 2012 the Gibraltar-based company lent Leeds £1.7m at 7% interest for repayment in 2015.

The Financial Times reports that the petition was filed on 29 January, the day after Sport Capital's bid fell through.

Cagliari owner Cellino, 57, agreed a deal with current owners GFH on Friday and his lawyer Chris Farnell promptly told boss Brian McDermott that he had been relieved of his duties.

The former Reading manager was then reinstated the following day with GFH claiming it was still in control of the club.

It is believed that the Sport Capital and Together Leeds consortiums have now teamed up to buy the club, dismissing Cellino's bid and promising to match his offer.

 

http://www.bbc.co.uk/sport/0/football/26038937

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Hmm, don't own their own ground or training facilities. Owned by eccentric middle easterners. Loosing money hand over fist. Recovering from time spent in the third year. Living off memories if past glories. And a loathsome little club. Remind you of anyone.

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Hmm, don't own their own ground or training facilities. Owned by eccentric middle easterners. Loosing money hand over fist. Recovering from time spent in the third year. Living off memories if past glories. And a loathsome little club. Remind you of anyone.

 

Matlock Town?

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  • 1 month later...

Massimo Cellino's hopes of seizing control of Leeds United have taken a significant blow after the Italian was found guilty of tax evasion and fined €600,000 following a hearing in Sardinia.

The 56 year old now faces failing The Football League's "fit and proper" owners test which is used to ratified takeover bids and throws the future of the Elland Road club into uncertainty.

The league are expected to officially decide on Cellino's 75% takeover of Leeds from GFH Capital, which was initially agreed in February, at the end of the week but are now set to rule against the Cagliari owner's company Eleonora Sport Limited.

Football League rules prohibit people with previous criminal convictions for dishonestly offences from owning a 30% share of any club or from acting as a director. A statement released last week said a decision would be finalised "in the next 10 days".

Cellino's latest conviction, following two previous charges of fraud, comes after being found guilty of a non-payment of import duty on a yacht but has escaped a maximum fine of €1.165m.

Lawyer Giovanni Cocco told The Guardian: "This verdict is absolutely unjust and we will appeal".

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