Cellino’s representatives are believed to have asked the League for delay his disqualification until the matter is settled but Cellino said he had informed United’s other directors of his intention to quit during a board meeting at Elland Road on Tuesday. Failure to comply with the League’s instructions could lead to a range of penalties against Cellino and the club. Cellino said: “I’m prepared to resign if it’s what I have to do. I said to the other directors that I don’t want to bring any problems on the club so if I have to resign in 28 days and then wait to finish my appeal, I will. “I’m fighting this and we think we will win so after the appeal I will be back. But I don’t want to give the League a reason to punish the club. So if I have to go then I’ll go.” In its announcement banning Cellino, the League said it would attempt to ensure that his appeal was heard inside the 28-day window but receipt of his challenge on Monday would leave just a fortnight for the Professional Conduct Committee to rule on his disqualification. Cellino is United’s president and the main representative of Eleonora Sport Limited, the company which bought Leeds from Gulf Finance House in April. It is not clear who responsibility for day-to-day operations at Elland Road would pass to in his absence. Tuesday’s board meeting was attended by GFH representatives Jinesh Patel and Salem Patel – both of whom are directors of Leeds – following the recent agreement reached between the bank and Cellino. The board was due to ratify a £23.5m cash injection and a restructuring of United’s debt on Tuesday but neither GFH nor Cellino has confirmed whether the deal was signed off as planned. The YEP understands that the investment could be suspended until the outcome of Cellino’s appeal is known.
Posted on: Thu, 11 Dec 2014 06:42:17 +0000
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