Leeds United

Leeds United acknowledge "frustrating" time for supporters

By Pascal Lemesre, Football League Editor | 12 March 2014

Leeds United release a statement acknowledging the "frustrating" time for supporters as the ownership of the club remains up in the air.

Leeds United's current owners GFH Capital have released a statement saying that they continue to work with the Football League and prospective new owners Eleonora Sport during a "frustrating" time for the club.

It has been over a month since it was announced that Eleonora, fronted by Massimo Cellino, had agreed to purchase 75% of the club.

However, because of looming tax evasion charges, the takeover is yet to be ratified by the League and might still be disapproved.

"We know it is frustrating for our supporters, but please rest assured that Eleonora Sport and GFH Capital are co-operating fully with the Football League's requirements and are working towards a conclusion," read today's statement.

"GFH Capital remains in full control of Leeds United until such time that the share transaction is ratified by the Football League. We all want to see matters concluded as swiftly possible so we can concentrate on the future."

Although GFH still owns the club, Cellino has been pumping in money to fund player wages and secure the loan signings of Connor Wickham and Jack Butland.

Cellino recently said that his injections would now stop until his takeover is approved.

If Cellino's takeover isn't approved and he does walk away, the club could be left crippled financially.