Wednesday, 26th March, 2014
The owners of Leeds United, GFH Capital, are in discussions with Italian businessman Massimo Cellino over the funding of the club's wage bill for this month.
Cellino is bidding to take over 75 per cent of Leeds through his Eleonora Sport Limited vehicle, but suffered a big setback to his plans earlier this week when the Football League ruled he has not passed its owners' and directors' test.
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The Italian has vowed to appeal the decision, but has already been pumping money into the club, a sum estimated at £6m so far.
Cellino has though stopped his funding due to the Football League's decision which, according to the Yorkshire Evening Post and the BBC, has led to doubts over whether the club's player and staff will be paid on Friday.
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Now Leeds' owners are in discussions with Cellino and third parties as they bid to ensure wages are paid on time.
On the pitch Leeds suffered a 4-1 defeat at Bournemouth last night, leading manager Brian McDermott to insist off the pitch matters are now impacting performances.
The club's owners have consistently insisted that Leeds will not be forced into administration.
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