Leeds United: Under-pressure Cellino reportedly receives Cagliari offer

Leeds United owner Massimo Cellino reportedly has options on the table to sell Cagliari.

Italian entrepreneur and Cagliari chief Massimo Cellino completed his protracted takeover of Leeds United on April 10, purchasing 75 per cent of the Championship side.

The 57-year-old initially submitted a bid to acquire the Elland Road outfit in late January, but subsequently failed the Football League’s Owner and Director’s Test.

A successful appeal against the ruling ultimately saw Cellino cleared to take ownership of Leeds last month, however, after intense speculation on the club’s future.

The Sardinia native inherited a precarious financial situation on his arrival in Yorkshire, picking up a hefty tax bill north of £500,000 as well as deferred player and coaching staff wages.

And Cellino informed the Leeds United Sports Trust last week that operating costs currently stood at more than £100,000 per day, placing him under considerable pressure.

Cellino isn’t helped by the fact that he still owns Cagliari, stretching his resources - though it’s known he’s been actively seeking a buyer for the Serie A strugglers.

Over the weekend mining magnate Tommaso Giulini confirmed talks with Cellino for a takeover, whilst on Monday Sky Sport Italia’s Gianluca Di Marzio reported an American consortium submitted an offer to buy Cagliari.

Cellino, thought to be asking in the region of €50million for his hometown club, now appears close to relieving his financial burden with options to offload the Isolani.

He told BBC Leeds of the situation: “I am too busy cleaning up the mess at Leeds. I cannot have two clubs.”

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