Menu
Franchises

Serie A Cagliari Owner Massimo Cellino Expects To Be Approved As New Leeds United Owner

Serie A Cagliari Owner Massimo Cellino said that he expects to have "no problem" in being approved as the new owner of League Championship Leeds United and that his "purchase of the football club should complete next week," according to Andrew Bounds of the FINANCIAL TIMES. Cellino, who "swooped on the club after a bid from local businessmen collapsed last week," is paying about £25M ($41M) for a 75% stake from owners GFH Capital. Cellino said that "he was confident he would be approved as a suitable owner by the Football League, despite a past conviction for false accounting." Cellino blamed the "jealousy" in Italian football for the '01 false accounting case. He was "also convicted of fraud" in '96 but cleared on appeal. He said that he was "selling his Serie A club Cagliari because he was 'tired and fed up' of Italian football and he did not have the energy to run two clubs." Cellino said that Leeds would be "owned by an English company," of which he would "hold 9.5 per cent, with his family in overall control" (FT, 2/6). In London, Matt Lawton reported "in a series of text messages to Italian paper Corriere dello Sport, Cellino informed them that a sale of Cagliari was imminent." Cellino: "For 22 years I dreamed the impossible. I am a poor romantic dreamer, excuse me if I didn't succeed. I have practically sold Cagliari and the buyers' lawyers are securing the go-ahead from the authorities. They are good people but I'm worried they will baulk at our sad reality. Good night." The "sale has gone through" (DAILY MAIL, 2/6).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2014/02/07/Franchises/Leeds.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2014/02/07/Franchises/Leeds.aspx

CLOSE