Quote (WNxIrvine @ 28 Dec 2014 19:52)
I'm really not sure how this makes the FA a joke...
After weeks of speculation regarding the purchase of Leeds United,[8] the club announced on 7 February 2014 that they had exchanged contracts for the sale of Leeds to Cellino's family consortium Eleonora Sport Ltd. The deal would see the Cellino family acquire 75% ownership of the club subject to approval from the Football League.[13][14]
The Football League rejected the proposal on 24 March 2014, stating that Cellino failed the owner's test.[15]
Cellino exercised his right to appeal the Football Leagues's decision. His appeal was heard on 31 March 2014 by an independent QC. On 5 April 2014 the independent QC overturned the Football League's decision, concluding that Cellino's recent conviction did not involve conduct that would 'reasonably be considered to be dishonest' based on information available to him at the time.[16] GFH retain a 10 per cent stake in the club, with minority shareholders will holding 25 per cent.[1]
Cellino later said that had he known that the takeover would not proceed smoothly he would not have bought the club and
described the Football League as "...really tricky, they made trouble at a time when I couldn't walk away and I submitted myself to a trial, a humiliation...I don't want to be here if the Football League don’t want me but who are they anyway?...They are acting for what's right, the principles, the ideals. Me, I sort out the fucking problems at Leeds. I prefer to play by the rules, not to cheat.
Basically that.
The previous majority owner was GFH, a questionable financial investment group from Bahrain that totally destroyed the club.