Dominic Matteo represented Leeds United for four years during his playing days.
Cellino took over at Elland Road with the club in debt, but he has managed to make their balance sheet look a lot healthier during his time at the helm.
And Matteo feels that Cellino should be credited for the work that he has done in that aspect, even if the Whites do require greater stability than he has brought.
“I was there for about five or six games under Massimo [as a club ambassador],” Matteo said. “He is what he is. He’s a character and the one thing you can say, is that he has stabilised the club financially. You have got to take your hat off to him for that.
“But I think Leeds is just crying out for stability. When Adam Pearson was there at the start of the season everything was going alright, but as soon as Adam left it seems to get back to the old Leeds in chaos again.
“If Massimo stays he needs help alongside him, if not then we need somebody else to take it forward.”
Cellino has lost the support of a number of Leeds fans recently, and there have been audible cries against his leadership at recent home and away matches.
The Italian has agreed to sell the club, but he retracted his offer to make it available to the fans – leaving Leeds’ future up in the air.
Cellino has also been criticsed at Leeds for his trigger-happy approach, which has seen managers given very little time in which to put things right at the Yorkshire club on the field.
Despite this unrest, Leeds have improved of late – winning their last two Championship fixtures, which has pushed them up to 15th place in the second-tier standings.