FL latest: Leeds United takeover nears, Brighton announce huge loss

Leeds United's potential owner sells former club, Brighton and Hove Albion announce huge losses, Queens Park Rangers lose key midfielder, Millwall newboy hits back at Yeovil Town manager and Blackpool sign former Crystal Palace midfielder.

1) Potential Leeds United owner Massimo Cellino has sold Italian club Cagliari after a 22-year spell in charge of his local side.

US-based Cellino has reportedly grown frustrated with life in Italy, amid an ongoing row about building a new stadium and struggles to keep his side competitive.

However, despite the sum of money received for the Italian club being unknown, it gives a Cellino funds to start building his project in Yorkshire. That is if he passes the Football League ownership test, of course.

2) Millwall new boy Ed Upson has hit back at comments from his former manager Gary Johnson.

The Yeovil manager sneered ''you never want to lose one of your better players but over the past couple of months he hasn't been one of our better players and for whatever reason he hasn't come up to the standard of what we hoped he would in the Championship.''

Clearly incensed by the comments, the 24-year-old snapped back saying: ''He can say what he wants - if he wants to say that about his top goalscorer, that's fine. I've got no doubts at all that I've made the step up to the Championship.''

Upson now has the remainder of the season to prove Johnson wrong and give Millwall the upper hand in their battle for survival.

3) Brighton & Hove Albion chief executive Paul Barber told BBC Sussex the club's £14.7m financial loss for 2012-13 was down to player investment.

Brighton spent a fee believed to be around £2m on Argentinian striker Leonardo Ulloa amongst others last season in an attempt to strengthen their promotion push. And despite making the play-offs, they had to suffer the anguish of losing to their rivals Crystal Palace, who eventually won promotion to the Premier League.

Barber has reiterated the Seagulls are determined to run the club financially sensible and backed the regulations set by the Football League. However, a similar loss for this season would see them fail to comply with the rules, which only allow losses of £8m

4) Queens Park Rangers manager Harry Redknapp has confirmed that winger Matty Phillips will be sidelined for the 'long-term'. 

It's a huge blow for the West London side, especially as it's nearing the 'business end of the season' which begins Monday for them, against automatic promotion rivals Derby County.

Phillips has scored three goals in 22 appearances for Rangers this season, and will leave a void in their attacking threat.

5) New Blackpool manager Barry Ferguson has carried on improving his side, despite the transfer window being closed.

The Tangerines have signed French midfielder Elliot Grandin until the end of the season. A former teammate of Ferguson, he will know all about him and should hit the ground running in a bid to keep Blackpool from being dragged into a relegation battle.

image: © markusunger

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