Good Morning Everyone, Just when we thought we were becoming a normal club again... Up pops Cellino!!! Cellino was secretly recorded offering a stake in Leeds Utd in exchange for finding a way to avoid Football Association rules on third-party ownership of players. Cellino was seen proposing to sell a stake in Leeds to a made up investment firm with the promise that money would be paid back to them in sell-on fees earned through future transfers. According to the Telegraph, Cellino suggested selling 20 per cent in return for “20 per cent of the profit of the player. Cellino then went on to say that it “doesn’t expose you to any risk with the Football League or anyone.” “I’m telling you not with Massimo Cellino lips but I’m giving you the recipe to a job that covers you and doesn’t expose you to any risk with the Football League or anyone. “If you can partner with me, I tell you I spend eight million (pounds) this year on new players. You want to finance that? You want to come 20 per cent in that? You got 20 per cent profit of the player.” He then went to to say “You’ve got something, a logic to become partners. Because you are financing the club with £12 m and you got 20 per cent of the sell-on of the players.” (That must mean Cellino values the club at 60m!) Just to put his foot in it a little more, Cellino continued “Is the only way, with me or someone else - other people like me or better. I’m not telling you I’m the only one. As a shareholder you can finance the club asking everything you want - percentage. You are allowed to do it in England.” "You know that by the rules here, and everywhere now, it’s become every day more difficult," he said. "I cannot allow myself to make a mistake in England. I don’t want to be the one that breach the rules." In the meantime, Leeds Utd have issued the following statement :- "The club has reviewed the supposed 'evidence' that the Daily Telegraph have published tonight. At no time in this video clip has Mr Cellino suggested getting around the FA's rules on third-party ownership of players. "In complete contrast to what has been suggested, Mr Cellino has made a perfectly proper suggestion which is entirely consistent with the FA's regulations, as the only parties entitled to take benefit from ownership of a player is the club itself. "If a company commits money to a club by way of investment, taking on the potential for profit but also the risk for loss, then that is a normal, every-day corporate process. "This is plainly not a suggestion as to how to circumvent the rules, but rather an accurate albeit concise explanation of how to operate within the confines of the rules and effectively become the club. "The club intends to make no further comment on this non-story."
Morning all... Reflecting on it I am going with my initial thought that Cellino was offering the "fake" investors a loophole to extracting cash that wouldn't be breaking rules. these guys were supposed to be putting money into the club for a share in future player sales. What's wrong with that? They would be directors, the player is owned by the club, Bates did it for long enough.
Let's have a look at the Barnsley no 2, On the day that Great Britain’s Rio Olympic heroes returned home to universal acclaim, an altogether different side of sport was playing out in a conference room at Oakwell, the home of Barnsley Football Club. Patrick Cryne, the owner of the 129-year-old club, had agreed to meet a representative of a Far East company looking to invest in football, together with the club’s manager, Paul Heckingbottom, and assistant manager, Tommy Wright. As pleasantries were exchanged, Mr Cryne and the two coaches introduced themselves to a female representative of the Far East firm, as well as Dax Price and Francesco Marroccu, consultants to the firm, and Mr Marroccu’s “translator”, Joseph. please log in to view this image Isn't that Marroccu in the middle? Isn't he supposed to be our next Sporting director?
Cellino Chairman of Leeds Utd Tommy Wright - Started his career at Leeds Utd Jimmy Floyd Hasselbaink - Made his career at Leeds Utd What do they all have in Common????
Morning all ... as Cellino says, shareholders can take percentage of profits ... in essence he is saying that the investors become shareholders, and then they can get a return from profits, which are generated through player sales ... now, if the Telegraph have more info on Cellino, and they can prove illegal activities rather than "potential" crimes in the future, then Cellino needs to be harshly dealt with by the authorities ... of course, this will probably mean Leeds being thrown out of the FL and banished to the West Riding Second Division I am struggling to see how this has anything to do with player ownership, because the "investors" didn't come to him with a player they wanted to sell to Leeds ... this blatant sensationalism actually doesn't help the Telegraph, it weakens their "investigation" ... they need to show video of meetings with a representative at EVERY club in England to show they did a proper "investigation", but can't see them in any way risking the wrath of Scum, Chelski et al ... bunch of useless cnuts Sent from my iPad using Tapatalk
yes, as a supporter it grates that money from player sales can leave the club, but this is not illegal and has been happening since the first transfer fee was paid ... supporters and owners have never got on, and owners have always been seen as wanting to profit from the club rather than invest in it ... in fact, the current CEO of the FL himself (socks anyone?) possibly benefited from this whilst working for Bates, because Leeds banked so much more than they ever spent on players during the Bates reign even at Arsenal right now the fans are grumpy because they feel the club should be spending £200m every summer ... the only exceptions where fans shut up and don't complain are Man City and Chelsea, because they have billionaires who throw money around and their small clubs have been transformed ... let's be honest, Citeh and Chelski were never going to be more than average mid-table clubs until the money came flooding in from their foreign "investors" Cellino is right about how bad English football is, and this is in part down to the obscene money Sky is flooding the game with ... unless actual proof is put on the table, then the Telegraph will find their "investigation" nothing but hopeless, and they will be alongside the red tops as nothing but vindictive and cheap ... so much for investigative journalism Sent from my iPad using Tapatalk
yes, still haven't forgiven Leeds for dismantling Busby's team that were meant to rule the world for decades but instead ended up with Best's career over at 27 and relegation in '74 as they watched Bremner lift the League Championship trophy ... no Scum European Cup football for 25 years hurt the London media badly Sent from my iPad using Tapatalk
Whether its illegal or not its disgusting and wrong....there's no defending him. Plenty of things aren't illegal in business but that doesn't mean you want it going on here and this is something I want no part of....we need a full takeover to happen asap. Basically whenever a decent offer comes in for any player it's in the best interests of everyone involved to sell and it completely undermines the playing side of the club.
I was dubious at first to be honest Elland, but I did say if he is doing it then even I can't condone it, but the penduluum has swung back in Cellino's favour for the time being. What I found interesting was, why was he blurting this stuff out to people he didn't know, it didn't make sense, having said that, I didn't watch the video either, but was prepared to wait and see what transpires from it. Having read Bucks and Ristac's comments the picture was becoming a little more clearer........ If any charges are brought, I wouldn't be surprised to see a couple of entrapment cases following. I'm not up on journalists, but aren't they suppose to reveal they're journalists, otherwise it's illegal?
Newspapers with such stories will only name names if they have hard evidence to back up their allegations or face prosecution from such named parties. my guess is Cellino is guilty as fook
Good morning all.Where there is big money there is corruption and that will always be so. The "revelations" by the Telegraph seems to be aimed at soft targets,idiots who are likely to take a bung. I would be more impressed if they had gone for the BIG spenders where no doubt there will be corruption on a much bigger scale. As usual in this country the bigger crooks remain unexposed.
And of course the good news is if Cellino is offering shares to people to make profits from player sales theres not gonna be any takeover yours for ever me thinks
Load of bollocks Mighty, that's why there are lots of liable cases in the courts, papers don't care if they get fined 1 million or more, the sale of extra papers covers it easily. Always remember todays newspaper is tomorrow fish & chip paper and this time I shall not tell thi to go fck ya sen
