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Massimo Cellino has officially completed his takeover of Leeds, the Italian businessman’s lawyers have confirmed.
Cellino’s company Eleonora Sport Limited has completed its purchase of 75 per cent of the club’s shares and the 57-year-old has taken his place on the board of directors.
“Massimo Cellino has now been appointed a director of LUFC Holdings & ESL has completed its purchase of 75 per cent of the shares of LUFC Holdings,” Cellino’s legal representatives Mishcon de Reya tweeted.
His task of transforming the fortunes of his newly acquired was brought into sharp focus yesterday when the club revealed losses of £9.5 million for the 2012-13 financial year.
