Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Cellino 'humiliated' by Leeds saga  Join our daily free Newsletter

MENAFN - Kora - 13/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kora) Cellino's company Eleonora Sports agreed to purchase a 75 per cent stake in the Yorkshire club from GFH Capital, a Bahrain-based investment bank, last month



However, the Italian, who has owned Serie A club Cagliari for 22 years, needs to pass the Football League's 'fit and proper persons' test before the takeover can be completed



The Football League are set to discuss the change of ownership on Thursday, but a decision cannot made until next week due to a charge of non-payment of import duty on a yacht being brought against Cellino in the Italian courts



Cellino, who was handed a 15-month suspended prison sentence in 2001 for false accounting at Cagliari, denies any wrongdoing



And, after revealing that he has been bankrolling Leeds for the last two months, Cellino admitted he will walk away if the Football League reject his bid



"I have been humiliated quite enough so far," Cellino told The Guardian. "At this point I wonder why I have been treated so badly after paying the salaries and debts over the past two months



"I will wait until a decision by the League. If I am not accepted, I will go away silently like I came. I am too old to fight wars which are not mine.



Cellino's time with Leeds got off to a bizarre start as manager Brian McDermott was reportedly sacked hours after news of the prospective takeover broke on the final day of the January transfer window, only for the club to reinstate the former Reading boss the next day



Leeds sit 13th in the Championship following a dismal run of five games without a win, with a 5-1 loss to Bolton Wanderers and a 4-2 reverse to Reading in their last two outings seeing them slip into the bottom half of the tabl


 


Kora




  MENA News Headlines
 May 27 2015 - European shares gain, Generali up on dividend commitmentSaudi Press Agency
(MENAFN - Saudi Press Agency) European shares rose on Wednesday after sharp declines in the previous session, with Italy's biggest insurer Generali gaining after committing to boost dividends and ...

 May 27 2015 - Crown Prince Congratulates Ethiopia's President on National DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Crown Prince Mohammed bin Naif bin Abdulaziz, Deputy Premier and Minister of Interior, has sent a cable of congratulations to President Mulatu Teshome of the Federal ...

 May 27 2015 - Custodian of the Two Holy Mosques receives a message from Russian PresidentSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received a message from President Vladimir Putin of the Russian Federation.The message was ...

 May 27 2015 - IIRO Distributes SR 22 Millions Aid to Affected YemenisSaudi Press Agency
(MENAFN - Saudi Press Agency) The International Islamic Relief Organization (IIRO) of the Muslim World League (MWL) has recently distributed a variety of assistance amounting to SR 21,998,000 to ...

 May 27 2015 - Crown Prince Congratulates Nepal's President on National DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Crown Prince Mohammed bin Naif bin Abdulaziz, Deputy Premier and Minister of Interior, has sent a cable of congratulations to President Dr. Ram Baran Yadav of the ...

 May 27 2015 - General Supervisor of King Salman Center for Relief and Humanitarian Works Signs Agreement with World Food ProgramSaudi Press Agency
(MENAFN - Saudi Press Agency) The Advisor at the Royal Court and General Supervisor of King Salman Center for Relief and Humanitarian Works Dr. Abdullah bin Abdulaziz Al-Rabiah signed today a ...

 May 27 2015 - Dubai announces crude oil price for AugustEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Department of Oil Affairs of the Government of Dubai has announced that it has notified customers that the official price of Dubai crude oil to be delivered ...

 May 27 2015 - Khalifa Fund promotes Zaarie programme's productsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Senior delegates, including chefs and heads of procurements in Abu Dhabi hotels, have visited a number of farms under the Zaarie programme, which was recently ...

 May 27 2015 - Oman Crude Oil Financial Contract closes at US$62.19 at DMEEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The price of Oman Crude Oil Financial Contract, DME Oman, closed at US$62.19 a barrel for July delivery, at Dubai Mercantile Exchange at 12:30 p.m., Dubai ...

 May 27 2015 - UAE ranks first in Quality of Air Transport InfrastructureEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The United Arab Emirates has ranked first globally in Quality of Air Transport Infrastructure, according to a major annual report by the Swiss-based ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help