Potential Leeds United buyer Massimo Cellino was in the stands to watch Leeds United draw with Ipswich Town last night, according to the Daily Mail.
Speculation over the future ownership of Leeds United continues but Italian businessman Massimo Cellino gave a sign of his intentions by showing up at Elland Road.
Cellino has been rumoured to be lining up a £40m offer after holding talks with GFH Capital but faces competition from Andrew Flowers, the managing director of Enterprise Insurance, United’s shirt sponsor and a member of the Sports Capital Consortium.
The Sports Capital Consortium had appeared to have a deal agreed to buy a 75 percent share of the club before the arrival of Cellino on the scene, but they have now seen two offers rejected.
There were reports in Sardinia yesterday that Cellino is ready to sell his hometown club Cagliari to a Qatari investment group for around £60m, which could facilitate his attempts to buy Leeds.
The speculation and uncertainty is a source of anxiety and frustration for fans, players and manager alike and Brian McDermott urged the club to sort out its future direction after seeing his side end a five-game losing run.
"'I am desperate to see an end to uncertainty over the ownership situation," he said after the game.
"It is all about the stability of the club going forward and we need the right people in place at the top."
image: © Auz