England: Massimo Cellino and club supporters' group end negotiations for the sale of Leeds United

The majority owner of Leeds United FC (Sky Bet Championship, England), Massimo Cellino (ITA) has pulled out of negotiations to sell the Yorkshire-based club to a supporters' group, on 04/11/2015, according to a statement issued by the group Leeds Fans Utd.

"Leeds Fans Utd has just been informed by the lawyers of Massimo Cellino that he no longer wishes to sell to Leeds fans," the statement read. "Our insistence on him confirming his verbal offer of exclusivity in a legally binding agreement has forced transparency on his motives. It is much better that we identify this insincerity now before we spend our shareholders’ money."

The breakdown in the talks comes only a few days after Massimo Cellino had opened the door to formal discussions with the fans’ group on 02/11/2015.

Massimo Cellino banned from an executive position of a Football League club on 14/10/2015

• Negotiations over the sale of Massimo Cellino's majority stake in Leeds United FC began after Cellino was banned by the Sky Bet Football League …