Massimo TOMA thread

[YorkshireSquare]

Tweet from BBC Radio Leeds, apparently Popey mentioned something on air too...

BBC Radio Leeds ‏@BBCLeeds · 6m
Our #LUFC reporter @apopey says he is hearing that Massimo Cellino may have won his appeal to the football league.

[ldsutd]

I have just been told the same, we need some official news NOW.

[Martyn]

"MAY have won"?

[Drs.Dad]

So why did they have to hold back the decision until today????? Were the FL afraid it wold lift our spirits and win a game?

[CSA]

Mike Farnan tweeting 'well done Massimo !!!!!!!!1 :champ:

[Ryan_LUFC]

Yes

[Martyn]

[Cozy]

OFFICIALLY CONFIRMED

Really hope Cellino can come in take stock of the situation at the club now and settle everything down in the short term & at least give B.McD until the end of the season to show he can turnaroud the recent form with a settled background to work with/under.

Is it too premature to start toasting the back of GFH?

[Ryan_LUFC]

[Cozy]

Before I get too excited - is there any possibility that the FL/Shaun Harvery can launch a counter appeal?

Can't imagine the FL are too happy?

[YorkshireSquare]

Confirmed by his lawyers...

Massimo Cellino is entitled to become a director and owner of Leeds...

The Independent Chairman of the Football League's Professional Conduct Committee has today released a decision that Mr Massimo Cellino is not subject to a...

http://www.mishcon.com/news/firm_news/m ... ub_04_2014

[Crude]

d2CsyOV.gif (3.26 MiB) Viewed 2504 times

Cellino daughters IN!!!!!

[YorkshireSquare]

And the Football League...

An independent QC has overturned the decision by the Board of The Football League that Massimo Cellino is subject to a disqualifying condition under its Owners' and Directors' Test.

A Football League spokesman said:<BR><BR>"We are disappointed at the outcome of the appeal hearing, however we would like to thank the independent QC for his diligence in reviewing this decision.

"This was never about individual personalities, but instead was a matter in which we were obliged to uphold the integrity of our regulations having considered the issue in detail with our advisors.

"It was always an extremely complex matter in which a different interpretation of a judgment made under Italian law could lead to an entirely different outcome in the context of our regulations. Ultimately this has proven to be the case.

"The independent QC has concluded that Mr. Cellino's recent conviction in the Sardinian Court did not involve conduct that would 'reasonably be considered to be dishonest' based on information available to him at the current time.

"The Football League will now consider the findings of the hearing."

http://www.football-league.co.uk/footba ... 34_3750549

[Crude]

Before I get too excited - is there any possibility that the FL/Shaun Harvery can launch a counter appeal?

Can't imagine the FL are too happy?

The FL statement sounds like more of a CYA (Cover Your Ass), rather than actually appealing the decision. Harvey can 'eff right off now.

[Crude]

http://www.leedsunited.com/news/article ... f-approval

Massimo Cellino has been granted approval to complete the purchase of a majority stake in Leeds United.

The approval, which came via appeal after being initially turned down by the Football League, will see Eleonora Sport take a 75% stakeholding in the club while former majority shareholders GFH Capital and investors will retain 25%.

Completion of the acquisition will see Massimo Cellino take up the position as President of Leeds United, and he will head up a new-look board.

The club’s managing director David Haigh will become Chief Executive Officer, and he paid tribute to all parties involved in the deal.

Haigh said: “This is a significant day in the history of Leeds United. Since GFH Capital took over the club in December 2012, the stated aim has always been to introduce strategic investors to ensure a sustainable future for the club.

“I have met with many potential investors and worked closely with them, and I realised very quickly that Massimo is someone who has the attributes to take this club forward. He has a proven track record in Italy, and I believe the introduction of Eleonora Sport, coupled with Massimo’s drive and determination, will be key to a successful and sustainable future for this great football club.

“I’d like to thank the Football League, GFH Capital, and of course, Massimo and Eleonora Sport for all their hard work over the past few weeks in ensuring that this deal was able to progress.”

[Cozy]

The next 24-48 hours will be interesting! Hope he's lined Farnan up to take the remaining 25% off GFH and we can finally get a clean slate to work from.

[Ronan]

I think this decision might be the only way to save Leeds Utd

[ldsutd]

I wonder if McDermott has cleared his desk yet?

[CardiffWhite]

Great news, considering our position. Although I wonder if the Football League will be able/willing to take this to the High Court. There was talk of MC doing this if the QC rejected his appeal. I hope they don't throw another spanner in the works and introduce further delay and uncertainty. I don't know how all that works. Can anyone throw any light on it?

[Martyn]

I wonder if McDermott has cleared his desk yet?

I hope not - he has never had a chance under GFH, now he might be able to start doing things the way he wanted to.