Does this explain a quiet transfer window for Leeds United?
SkySports reported back in November that Cellino had appealed a Football League ban relating to tax evasion cases being heard in Italy.
Cellino denies wrongdoing and believes there is no relevance on the cases relating to his suitability to running an English football club.
The exact status of the appeal remains unclear, but until it is resolved, Cellino is reluctant to plough funds into Leeds United, the Yorkshire Evening Post reported yesterday.
The report states: "Cellino admitted recently to the YEP that the Italian trust used to fund his original buy-out would not inject further cash into Leeds until his dispute with the Football League was settled."
This is worrying for supporters, and could go some way to explaining a quiet transfer window in January, with Leeds making a £3.7 million profit from selling Sam Byram, and adding only two loan players and Toumani Diagoura from Brentford for £500,000.
It goes without saying that the club need the case to be settled by the end of the season and summer transfer window, which could prompt Cellino to either to sell up altogether if he is banned again, or start investing in quality players for next season if the Football League's ban fails to be upheld.