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.