Leeds takeover looms but stumbling block in place
By Coral Barry
Leeds-born MP John Mann has claimed that there is a wealthy bidder interested in buying the Yorkshire club.
The Bassetlaw representative took to Twitter on Wednesday to ignite speculation of an imminent Leeds takeover.
However the Labour MP’s tweet has also warned of one key issue between the potential buyer and the club.
Fascinating. Second person keen to buy Leeds United and has money. Stumbling block is the price- Cellino over paid Bates for the club.
— John Mann (@JohnMannMP) March 9, 2016
Leeds’ current owner is the controversial Massimo Cellino, but his reign so far has been unpopular to say the least.
The Italian has twice been banned from running Leeds by the Football League and is already on his sixth manager since taking over in 2014.
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Mr Mann, a life-long Leeds fan, did not name the bidder despite pleas to do so by followers and replies to his tweet.
The MP believes that the price is the stumbling block between the two parties and claims that Cellino overpaid for the club in 2014.
Despite the tweet’s statement, Cellino did not in fact buy the club from former owner Ken Bates.
Bates sold the club to Bahrain-based investment bank GFH Capital in 2012 and those were the majority shareholders Cellino bought out in 2014 by purchasing 75% of the Leeds shares.
Despite the ongoing off-the-pitch controversy, Leeds have managed to turn around their fortunes on it.
Steve Evans steered his club to a second consecutive league win on Tuesday after previously going ten league games without a victory.
Evans takes his side to Blackburn on Saturday hoping to continue the mini-revival.