Tag Archives: takeover

The Word on the Street: Cellino is OUT of Leeds United –   by Rob Atkinson


Life, Leeds United, the Universe & Everything has heard a distinct whisper to the effect that Massimo Cellino‘s half share in Leeds United has been bought out, effectively ending the former sole owner’s tenure at the club. 

If true, this will allow the plans of Andrea Radrizzani to move forward unfettered, though it would appear that key appointments are already being made that bear the clear Radrizzani stamp and indicate a decisive shift in the balance of power at  Elland Road. 

This is a developing story, and will be added to as facts appear out of rumours. But it does seem as though the Cellino era at Leeds is finally over.  

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FA in “Go Quietly” Deal With Leeds Owner Cellino? – by Rob Atkinson

CellinoLiar

Massimo Cellino – too quiet

It’s long been a case around Elland Road of “All quiet on the Cellino front”. And not just every now and then quiet, while il Loco recharges his batteries for more damaging nuttiness. It’s been just too quiet for anything like our insane normality. It’s just not like Leeds United‘s maverick owner to keep this schtum for this long. It’s been that eerily quiet that the team have even started to do quite well. Extraordinary. Something is going on. But what?

A significant factor may be the outcome of the “third party” transfer agent charges that were hanging over both club and Massimo Cellino himself for so long. It would seem that a verdict was arrived at some time ago, but nothing has been forthcoming from the Football Association, who have described the issue as “sensitive”. And then there is the vexed question of a takeover – yes, TOMA time again. But there really does appear to be something in it on this occasion. The club has confined itself to a terse “no comment” position, but Twitter is alight with rumours of a peculiarly consistent nature. On both the FA charges front, and in the area of TOMA, something’s most definitely afoot.

For what it’s worth (and if I were a braver betting man, I’d have picked up £12 million this week, from a £5 acca on Leicester City, Brexit and Trump) I believe the signals are pointing firmly towards some agreement between Cellino, the inward investors/new owners (whoever they are) and the FA, to sort out the Leeds ownership and third party charges situation quietly, with as little fuss as possible and with everybody concerned keeping it buttoned until matters are concluded. If that appears to make an unusual amount of sense given the craziness of all parties involved, then I can only agree it’s so. But sometimes, even nutters will conduct themselves with a certain amount of sanity and decorum, if that’s the best way of getting the job done and limiting damage in “sensitive areas”.

This blog is of the firm opinion, having sniffed the wind, tested the water and cast the runes, that the current silence is of the kind that might be characterised by a paddling duck: all calm and serenity on the surface, while there is frantic activity just beneath. Leeds United is saying nowt in public. The FA is maintaining a grim silence. Prospective investors/buyers are clinging steadfastly to their incognito bona fides. Nobody is saying a dicky bird to us, the fans.

But you can take it to the bank that they’re all talking to each other, and out of this a conclusion will shortly emerge; hopefully one to satisfy all parties. That’s my educated guess. Before too long, Leeds will be under new stewardship, the FA will be rid of a thorn in their side – and Cellino will have a new toy to play with, probably from Serie B.

As Del Boy might have said: “You know it makes sense“.

 

Cellino Supporters: Big Improvement On Last Season’s Leeds 1, Huddersfield 4 – by Rob Atkinson

Cellino sunshine

Cellino – 0-1 better than 1-4, yes?

Supporters of embattled Leeds United supremo Massimo Cellino were jubilant this evening as they celebrated a “massive improvement” over last season’s performance at Elland Road against Huddersfield Town. A mere one goal defeat has left United mired in the relegation zone, but fans of Cellino point out that, in the equivalent fixture last year, Leeds were zonked out of sight by a score of 4-1. Furthermore, as one grinning Cellinophile exulted, this defeat was against the table-topping team unbeaten all season. “Really, when you fink about it, it’s an ace result and we should all be proud. We wouldn’t of got a result like this without Massimo”, our man burbled happily.

Evidence for the unique nature of Cellino’s tenure at Leeds continues to mount. Having let a manager go in Steve Evans, who exceeded his brief last season, released one of the more prolific of last term’s strikers in Mirco Antenucci, released the club captain Sol Bamba the day after the transfer window shut without signing a replacement central defender, Cellino also failed to sign another striker and has left Leeds with three senior central defenders, two of whom are loanees. It’s probably fair to say that it’s a performance unparalleled elsewhere in professional football.

Whether Cellino will be in control much longer, so as to make us all marvel anew at his incredible grasp of how to run a football club, has to be open to question. Rumour is rife that a deal is all but done to sell a majority stake in the club to a group of Far East investors. For Cellino fans, drunk on the achievement of holding Huddersfield to a mere one goal victory, this will probably come as a tragedy. But, to those Leeds United fans not suffering from cataclysmic delusions and a stubborn determination to ignore reality, a change of ownership could hardly be more welcome.

Meanwhile, the Cellinophiles will tenaciously be frolicking away as the club takes another step towards plummeting through the League One trapdoor. At the end of the day, it’s the simple things in life that appeal most to the simpler people in life. They say that ignorance is bliss. So at least, unlike most Leeds United fans, the supporters of Massimo Cellino will remain blissfully happy – until and unless their hero is replaced by someone who has a clue what he’s about.

Cellino OUT. Let it be.

 

Cellino to Sell Majority Stake in Leeds United   –   by Rob Atkinson


It is understood that a deal has been agreed in principle for the sale of a majority stake in Leeds United, with the buyers, or at least the money, tipped to be of Far East origin – possibly China. Massimo Cellino would apparently retain a small stake in the club, but would relinquish control. 

Sources agree that this is a done deal, with only legal formalities to be completed. Doubtless there will be much more on this story over the coming days, but what seems certain is that we are seeing the end of an era at Elland Road, with new owners and new ideas.

It’s going to be an interesting time ahead at Leeds United. 

GFH Exit Sees Cellino Move Into Leeds United Departure Lounge   –   by Rob Atkinson

Cellino sunshine

Cellino – beginning of the end of the road?

Leeds United versus Huddersfield Town doesn’t kick off until 3:00 pm on Saturday – but already, many Leeds United fans are proclaiming the most significant victory of the season. It’s a result that owes nothing to last-ditch defending, brilliant midfield play or clinical finishing. This vital win has been fashioned, not on the hallowed turf of Elland Road, but in the more subdued atmosphere of a boardroom or lawyer’s office. Because at last, or so it certainly seems, Leeds United is back under 100% ownership, instead of being shared, argued about and fought over by unequal partners. Minority holders GFH, it appears, have relinquished their stake in United, leaving Massimo Cellino as sole owner of the whole shooting match.

The reason this is so significant has more to do with future possibilities than current ownership. Some Leeds fans will be glad to see Cellino in outright control – others would prefer to see him 100% uninvolved, with a new Sheriff in town. But the fact remains that, with the minority partners off the scene, everything now looks a lot more neat and tidy as interested parties consider bids for the football club. Up to now, the continuing presence of GFH has been a complicating factor that has made any successful takeover bid – or even majority investment – much less likely actually to succeed. For this reason alone, farewell and good riddance, GFH.

So the eventual impact of Cellino’s total ownership of Leeds might be to see in new owners, rather than simply cementing the controversial Italian’s position as Leeds United supremo. And many, particularly among certain hard-bitten ex-pros who actually wore the famous white shirt, would see that as a good thing – if it could bring to an end the dizzying turnover of coaches at Leeds, as well as securing some actual net investment.

The fact that current manager Garry Monk is widely seen as being “under pressure to save his job” just a few games into his United tenure is symptomatic of the less than stable situation at Elland Road. Yet another transfer window without spending more than player sales brought in is one more sign that squad development is not an upward trend. Leeds sold Lewis Cook to Bournemouth for £6m plus add-ons – and replaced him with a man in Eunan O’Kane ousted by Cook from the Bournemouth first team. And for the usual “undisclosed fee”, too. The critics would tell you that this does not represent investment in the team, and it’s a point of view hard to dispute.

The case for a new regime at Elland Road, with a much-needed injection of capital, has long seemed quite convincing. Now, with the departure of GFH meaning a much less complex scenario for would-be buyers, it may be that things really will start to happen – off the field, at least. Which is why so many United fans are singing victory songs well in advance of a ball being kicked this coming weekend.

Now, all we have to do is beat unlikely League leaders Huddersfield Town on Saturday, to confirm the natural West Yorkshire pecking order and get this second chunk of the season off to the ideal start. And then, with three derby-day points under our belts, we’d be savouring the taste of home victory for the first time this campaign as we try to re-establish Fortress Elland Road. Could things really be brightening up for Leeds, at long last?

Bridcutt Signing Confidently Expected in Time for Leeds 2019 Centenary Season – by Rob Atkinson

Bridcutt

Bridcutt – it could just be a matter of years now

Leeds United and Sunderland are now so close in their negotiations over midfielder Liam Bridcutt, that discussions over personal terms could begin as soon as the Christmas after next. If all goes well, that should pave the way for the combative former United loanee to join his new team-mates for at least part of the Elland Road club’s Centenary season, 2018/19.

More on this fast-developing story sometime in 2017, or after the finalisation of Brexit, whichever is the sooner.

Leeds Eyed by THREE Billionaires Amid Transfer Frenzy? – by Rob Atkinson

keep-fighting

They really could do worse than rename the close season as the silly season. Trawling through the Leeds United stories at this time of year above all is an exercise in sorting out the absolutely unbelievable rumours from the merely outlandish. Today has been a case in point. Top of the poll in terms of credibility is a likely move for Swedish attacking hotshot Marcus Antonsson for a mooted £1.25 million. There even appears to be a possibility that this deal could be done as early as tomorrow (Monday), with some sources stating that a medical is booked. This, despite what we’ve been told about a board meeting on Tuesday holding the key to any imminent transfer business.

The Antonsson story may well have some legs, but from here on in it gets progressively less likely. Another story doing the rounds is that young striker Ashley Fletcher has had his £7,000 a week wage demands met by Leeds, as he considers a move away from his current billet at Manchester’s second-ranked club (no, apparently that’s not Stockport County). Fletcher spent a portion of last season on loan at Barnsley, who stormed back from bottom of League One just before Christmas to gain promotion to the Championship via the play-offs, easily out-classing Millwall at Wembley. Could Leeds United really tempt a player away from rival clubs in darkest Manchester and the People’s Republic of South Yorkshire? Decide for yourselves – but money talks, and some sources are hinting that Leeds currently appear not to be short of a bob or two.

keep-calm-and-dare-to-dream-9

Sorry about the background colour, Massimo…

Which brings us neatly to the least likely rumour of all, which has led to a revival of the frequently popular #TOMA hashtag; as not one, not two, but three billionaires are said to be interested in purchasing the Elland Road club, possibly as a consortium of simply obscene wealth. Because, if you believe the whispers, these guys – unlike current owner Massimo Cellino – are actually rich billionaires. Australian, too – which may explain a certain lack of intellectual and financial rigour. Still – if they’re that rich (and if they actually exist) – who cares?

So, this probably really is the silliest of silly seasons, but at least the rumours are positive, for once – and they’re certainly entertaining, to this jaded and careworn blogger, anyway. And, let’s face it, a preoccupation with transfer rumours of greater or lesser likelihood, together with that old Leeds United favourite #TOMA – it’s got to be better than babbling on about Leave versus Remain. Hasn’t it?

The next couple of weeks could be pretty interesting and – just possibly, for once in a long, long while, actually in a good way.

Cellino Sells Leeds Utd to Russian Oil Baron in £7.4 Billion Coup   –   by Rob Atkinson

A Russian oil field, yesterday

A Russian oil field, yesterday

NB: This article should be read with extreme cynicism after 12 noon on April 1st. 

Leeds United owner Massimo Cellino is on the point of completing the sale of his holdings in the company that owns Leeds United in a surprise mega-millions deal that will see the club bankrolled into the Champions League, a spokesperson for Eleonora Sports has confirmed. 

The shock deal has been brokered in the last seven days between oil billionaire Aprelya Pervyy and Cellino’s personal representative Avril Primero. While the share purchase price is given as “in the tens of millions”, it is understood that the total deal will be worth almost seven and a half BILLION pounds sterling, with the purchase of Elland Road, the foundation of a new triple A class Academy and the establishment of a new LUTV channel on the Sky platform factored in.

The new owners are believed to be targeting Champions League success within three years, to coincide with the club’s centenary celebrations in 2019. Financial Fair Play restrictions are “unlikely” to be seen as a barrier to success, with infrastructure investment through several specially set-up companies enabling United to compete at the top end of the transfer market.

With the deal due to be completed before the summer transfer window opens, the close season is expected to be a busy time for Leeds, with “significant behind the scenes restructuring” anticipated. Hollywood A-Lister and lifelong Whites fan Russell Crowe is confirmed as being uninvolved at this stage, but is believed to be monitoring the situation from his base in Australia. Crowe has been quoted recently as stating he is “impatient for success” at Leeds; that long wait could now be about to end. 

No further developments are expected today, but Cellino may have a statement to make as early as tomorrow, April the 2nd. 

Russell Crowe’s Needless White Noise Drowns Out Leeds Utd Transfer Talk   –   by Rob Atkinson

Time for Crowe to leave the arena.

Time for Russell Crowe to leave the arena

Just when things were hotting up and getting really interesting down LS11 way, with a frenzy of delicious speculation about attractive transfer targets for our club, along comes Russell Crowe with the worst-timed, least relevant tweet in recent history – telling us all what we already know and no longer very much care about.

Crowe’s declaration that he will not, after all, be buying Leeds United (I understand that was the gist of it) might possibly have caused some hair to be torn and some clothing to be rent asunder among Whites fans – if it had come a few months back, when new ownership fever was in the air, and Massimo Cellino was embattled after yet more maverick craziness. But things have changed since then, and in a good way for once. Adam Pearson has brought some sanity to the Elland Road asylum, we’ve gone literally weeks without sacking a head coach – and there are welcome signs that seven-figure investment in the first team squad is actually here to stay. 

In these circumstances, with a slightly sedated captain on the bridge and a capable first officer with his hands on the wheel, the good ship Leeds United appears to be navigating tolerably well some still choppy waters. Give or take the results themselves, this season has a fresh and breezy feel about it. And, if we are still scanning the horizon anxiously for signs of that first win, then at least there have been no defeats so far to darken the sky. Even though we took a torpedo at Doncaster, still, it was technically a draw – and with ten men for much of that engagement too. Leeds staggered, but they have sailed on, more or less serenely. 

In the wake of our latest draw, against Yorkshire’s most successful club of last century’s inter-war period in Sheffield Wendies, glad tidings of positive transfer market activity have filled the ether. Not one, but two tricky wide attackers, a possible England U-21 central defender, and the Lord knows what-all. Bids of serious money made and accepted, players said to be “distracted” or to have “had their heads turned” at the prospect of interest from Leeds – it’s been heady, dizzying, unfamiliar stuff. And if we are still tending to founder on the jagged rocks of personal terms and other such spiky hazards, then at least a positive broadside of ambitious intent has been let loose. And that, to Leeds fans, is the sweetest sound we have heard in many a blue moon.

So, in among all this rampant positivity comes the almost forgotten figure of yesterday’s gladiator, Maximus Publicitius himself, doubtless with new films to plug and a social media profile in need of some attention, flooding the Twittersphere with irrelevancy. Crowe was all over Twitter not so long back, making a noise like a prospective Leeds owner. But when he went quiet, the United support forgot about him and got on with supporting the team or arguing with each other, as fans are meant to do. Personalities come and go, after all – but Leeds United is forever, and things do seem better now that we have a business-suited gladiator in Pearson fighting for us. For Crowe to pipe up again right now is bizarre, it’s distracting and it’s not particularly welcome. 

As one Facebook cynic put it: “For Crowe to say he’s no longer interested in buying Leeds, is like me saying I’m not going to bother sleeping with Beyonce“. Just so. It’s an irrelevant statement, seeking to opt out of something that was never really an option in the first place. For better or worse, Leeds United does not appear to be for sale – and the more pragmatic of us are moving on, still with some reservations, but more than a little mollified by the undoubted changes for the better that have taken place.

Memo to Russell Crowe from Life, Leeds United, the Universe & Everything: now is not a good time to be rocking the boat. There was a period when our ship perhaps needed steadying, but all that we got from you then was sound and fury, signifying nothing. More of that now is just taking away the focus from more important stuff. Please, Russell – put away the sword and the shield like a good chap, and lapse back into the silence from which you should not lately have emerged. Try to retain some credibility, against some future day when you, or someone like you, might well be needed. With Leeds United, you just never know.

But for the moment – let us get on with our transfer speculation, and the quest for that first win, in peace and optimism. Thanks, Maximus.

Cellino WINS Reports BBC Leeds – by Rob Atkinson

Reports immediately after the final whistle at Wigan v Leeds suggest that Massimo Cellino WILL be the new owner of Leeds United.

The reports are unconfirmed, but are coming from extremely reliable sources, including Adam Pope, a man with his finger on the pulse of United.

Farnan acknowledges Cellino success

Farnan acknowledges Cellino success

The tweet reproduced above looks like early confirmation of this story.  It seems to be true.  Further details to follow, announcement expected around 3pm.