Cagliari president Cellino cleared to take control of Leeds United
APR 05, 2014 10:23a ET
Cagliari president Massimo Cellino can take over Leeds after successfully challenging the Football League's attempt to block him from buying the fallen English power over a tax conviction.
The Football League, which runs the divisions below the Premier League, had ruled that Cellino's conviction in Italy for failing to pay import taxes on a yacht he purchased in the United States was ''a disqualifying condition'' under the test directors must pass.
But the Football League said Saturday that an independent lawyer has now concluded that Cellino's conviction ''did not involve conduct that would `reasonably be considered to be dishonest' based on information available to him at the current time.''
The league added it is ''disappointed at the outcome of the appeal hearing.''
Cellino wants to purchase a 75-percent stake in the second-tier club from Bahraini investment bank GFH Capital.