1. Log in now to remove adverts - no adverts at all to registered members!

Takeover Off

Discussion in 'Leeds United' started by lufcjames, Mar 24, 2014.

  1. JonnyLosAngeles

    JonnyLosAngeles Well-Known Member

    Joined:
    Jul 25, 2011
    Messages:
    4,299
    Likes Received:
    1,173
    Thanks, mate.

    Elsewhere, I have read that Cellino's paperwork for approval to be a director was only submitted on March 19th. If so, cannot blame the FL for the timing can one?
     
    #21
  2. JonnyLosAngeles

    JonnyLosAngeles Well-Known Member

    Joined:
    Jul 25, 2011
    Messages:
    4,299
    Likes Received:
    1,173
    Just seen this on another forum:

    1.1 "On19th March 2014, an Owners' and Directors' Declaration form was submitted to The Football League, signed by Mr Massimo Cellino on his own behalf and by Mr David Haigh on behalf of leeds United Football Club (LUFC), affirming that Mr Cellino is not subject to any 'Disqualifying Condition' that would disqualify him from acting as a Club Director (as those terms are defined in the OAD test) of LUFC."

    1.2 Rule 2.2 (b) of the OAD Test requires the League to confirm, within five working days of receipt of such Declaration, whether or not it accepts that affirmation. However, both LUFC and Mr Cellino have asked that the League makes it's decision as quickly as possible, on the basis that 'time is of the essence'

    Looks like it may come from the FL website.
     
    #22
  3. DamnedUnited

    DamnedUnited Well-Known Member

    Joined:
    Jun 22, 2011
    Messages:
    2,174
    Likes Received:
    114
    Wasn't aware of that, I thought the extra paperwork was just waiting for this trial. <ok>
     
    #23
  4. Simon21-LUFC

    Simon21-LUFC Well-Known Member

    Joined:
    Jun 4, 2011
    Messages:
    5,585
    Likes Received:
    92
    Yes. Why anyone (apart from Haigh, Nooruddin and GFH themselves, surprise surprise) was willing to accept an ownership structure that made that snake CEO is beyond me.
     
    #24
  5. Mr Wolves-White

    Mr Wolves-White Well-Known Member

    Joined:
    Dec 30, 2012
    Messages:
    4,340
    Likes Received:
    2,217
    To be honest I'm not surprised.

    Cellino is a bit of a crook but not as much as Bates. What a joke for them to take this long in making a decision. Will be interesting to see who's going to table a bid now.
     
    #25
  6. DirtyLeeds

    DirtyLeeds Well-Known Member

    Joined:
    Jan 24, 2011
    Messages:
    2,517
    Likes Received:
    1,992
    Wow, so does this mean that if Cellino and Haigh had pulled their fingers out and got that form to the FL a few weeks ago they would have been obliged to give a decision before the Italian court ruling ? In which case, presumably the FL would not have had any cause to block the takeover.
     
    #26
  7. TC (Lovely Geezer)

    TC (Lovely Geezer) Well-Known Member

    Joined:
    Jan 24, 2011
    Messages:
    16,467
    Likes Received:
    4,111
    I think so WW.
    also - the FL are still waiting for an answer from GFH as to why Noorudin's company has been removed from the ownership statement - a question put to them over 3 weeks ago <ok>
     
    #27
  8. lifecheshirewhite

    Joined:
    Feb 5, 2011
    Messages:
    31,006
    Likes Received:
    20,964
    Not a chance,they would have always waited IMO.
     
    #28
  9. TC (Lovely Geezer)

    TC (Lovely Geezer) Well-Known Member

    Joined:
    Jan 24, 2011
    Messages:
    16,467
    Likes Received:
    4,111
  10. RCDM

    RCDM Well-Known Member

    Joined:
    Jan 30, 2012
    Messages:
    1,133
    Likes Received:
    421
    Nope.

    I think its not coincidence that this date of 19th March is just after the trial finished...
     
    #30

  11. DMD

    DMD Eh?
    Forum Moderator

    Joined:
    Jan 25, 2011
    Messages:
    67,594
    Likes Received:
    59,252
    According to that quote, they're only obliged to say they've received the application. There looks to be no time limit given for the decision.
     
    #31
  12. DirtyLeeds

    DirtyLeeds Well-Known Member

    Joined:
    Jan 24, 2011
    Messages:
    2,517
    Likes Received:
    1,992
    That's not the way I read it. According to that statement, Cellino/Haigh submitted a declaration on the 19th, affirming that Cellino is not subject to any disqualifying condition. It is part of the FL's own rules that they will confirm whether they accept that affirmation within 5 days of receiving it. Seems to be that Cellino shot himself in the foot and has no-one to blame but himself.
     
    #32
  13. DMD

    DMD Eh?
    Forum Moderator

    Joined:
    Jan 25, 2011
    Messages:
    67,594
    Likes Received:
    59,252
    Aye, I can see what you're saying, but in that instance they'd be able to simply reject it on the grounds of the impending court case. I'd guess then it would be a case of the applicant appealing.

    To do otherwise would leave you in a worse position, as you could end up with someone knowing they're due to be made bankrupt running your club with no fear of the consequences.
     
    #33
  14. ristac

    ristac Well-Known Member
    Forum Moderator

    Joined:
    Jun 23, 2011
    Messages:
    27,524
    Likes Received:
    31,608
    ONE to blame GFH Nobody else, we can all say "if" but the bottom line is GFH have begged and borrowed off everyone they have made a shambles of the club. They have shown what a desperate bunch they are and everything has been handled by them unbelievably poorly
     
    #34
  15. DirtyLeeds

    DirtyLeeds Well-Known Member

    Joined:
    Jan 24, 2011
    Messages:
    2,517
    Likes Received:
    1,992
    No, I don't buy that either. Cellino must have provided proof of funds and there was no chance of him going bankrupt over the yacht tax issue. The only thing that blocked the takeover was Cellino's "dishonesty" over the yacht tax issue and with regard to impending court cases, what if the case wasn't being heard for another 6 months ? Would the FL have been able to delay that long ? I'm not sure they'd be able to justify delaying indefinitely.

    I just think it's been one almighty cock-up by Cellino. If I was his lawyer I'd be seriously worried about my future employment prospects.
     
    #35
  16. 666 & Elmo

    666 & Elmo New Member

    Joined:
    Mar 17, 2012
    Messages:
    3,054
    Likes Received:
    324
    His legal advisers have truly screwed up recently. Time for us to move on. But will Cellino bring dummyoutofpram insolvency charges against us, like the others?

    Think we are in for a rocky ride. 3 points tomorrow should see us safe. None of bottom 4 getting anywhere near a point a game, all depends if we go into admin. Would prefer immediate relegation now with -10 or -15 now than a season long struggle in champ with -10 or -15 to then go down the following year
     
    #36
  17. lr22

    lr22 Well-Known Member

    Joined:
    Jun 4, 2011
    Messages:
    1,382
    Likes Received:
    607
    We're in a bit of trouble now lads. We can't really have a go at the Football League as by and by, they have made the correct decision (I did want the takeover to go through).

    I think what annoys me most is we will have to go through all of this crap again - another bid: long delay etc. And the focus won't be on the football.

    We (in my opinion) definitely need to keep Mcd now, I trust him as a good scout and finding good young players on the cheap. So to try and move forward, whilst probably having to sell our key players in the summer - I cannot think of anyone else I would prefer in charge.
     
    #37
  18. ristac

    ristac Well-Known Member
    Forum Moderator

    Joined:
    Jun 23, 2011
    Messages:
    27,524
    Likes Received:
    31,608
    Problem for me is I truly believe Mcdermott is useless and he won't be taking us anywhere but possibly down next season. So who would I replace him with?? There isn't anyone who is capable with the squad we have and no financial backing. On top of that we could not afford to pay him off and what manager would take the job when we have been turned into a bit of a joke under the last two sets of owners.

    Did anyone else see Gary Cooper on Sky Sports News? Glad he spoke out against GFH and never sat on the fence, I guess we will see a resurgence from LUST now as well.
     
    #38
  19. Chippy / Glory

    Chippy / Glory Senior Member

    Joined:
    Jul 3, 2012
    Messages:
    47,417
    Likes Received:
    12,662
    But lust introduced them to LUFC?
     
    #39
  20. ristac

    ristac Well-Known Member
    Forum Moderator

    Joined:
    Jun 23, 2011
    Messages:
    27,524
    Likes Received:
    31,608
    LOL bet they wont remind anyone of that particular claim
     
    #40

Share This Page