Leeds' Italian takeover plunged into doubt following Brian McDermott debacle as a second consortium makes fresh approach

Italian businessman Massimo Cellino had agreed a deal to become the majority shareholder but McDermott's reported sacking and subsequent reinstatement has put the brakes on the sale

Leeds' owners are understood to be poised to open talks with another consortium as Italian businessman Massimo Cellino's takeover bid floundered.

Gulf Finance House Capital agreed a deal to sell 75 per cent of the club's shares to Cellino's company, Eleonora Sport Ltd, on Friday.

But after the Cagliari owner's failed attempt to sack manager Brian McDermott later the same day, it emerged his legal representatives had been escorted from Elland Road premises on Monday.

McDermott, who stayed away from Leeds' 5-1 derby win against Huddersfield at the weekend as the club's latest takeover saga plunged into farce, reported for duties as normal on Monday morning after GFH Capital confirmed the 52-year-old had not been sacked.

He was unable to end continued speculation who will take control of the Sky Bet Championship club at a press conference, but it is now understood Sport Capital, whose takeover deal collapsed last Thursday, have joined forces with another British consortium, Together Leeds.

Following reports the same solicitor who had told McDermott he was sacked via a telephone call on Friday night, had been led out of Elland Road by the club's current managing director David Haigh, it seems a second takeover bid is far from a formality.

GFH Capital agreed a similar deal with Yorkshire-based consortium Sport Capital in November, but after a two-month exclusivity period that deal collapsed last Thursday.

Together Leeds, which includes former Manchester United director Mike Farnan and former Hull chairman Adam Pearson, who left his position as commercial director at Elland Road in 2001, had been hoping to enter into talks with GFH Capital.

After returning to the training ground, former Reading boss McDermott said he could not walk away from the club following the scenes of support shown by fans during Saturday's 5-1 win despite receiving advice from "big people in the game" to do so.

He said he had been given written assurances by GFH Capital, but still had no idea who the club's owners would be when his side face Yeovil in a league fixture on Saturday.

When asked if his position was more secure than it had been on Friday, McDermott said: "I've no idea. I can't answer that question."

Of his assurances, he added: "I've got them written down, so that's the most important thing and I needed them.

"Basically I'm responsible for all football matters at the club."

McDermott refused to apportion any blame for the sequence of events.

"It would be easy for me to sit here and say that I've been let down and start blaming people," he said.

"I would suggest that this situation should never happen to a football manager or to staff and players. It's not right and let's hope it never happens again."

McDermott added: "What comes in the future, I don't know.

"We're still up in the air. There's still obviously talks (going on), there's rumours about rumours, there's been a lot of speculation about all sorts of things."

 

PA

New Articles
tvDownton Abbey Christmas special
Arts and Entertainment
Wolf (Nathan McMullen), Ian (Dan Starky), The Doctor (Peter Capaldi), Clara (Jenna Coleman), Santa Claus (Nick Frost) in the Doctor Who Christmas Special (BBC/Photographer: David Venni)
tvOur review of the Doctor Who Christmas Special
News
peopleIt seems you can't silence Katie Hopkins, even on Christmas Day...
News
news
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
i100
Arts and Entertainment
Left to right: Stanley Tucci, Sophie Grabol and Christopher Eccleston in ‘Fortitude’
tvSo Sky Atlantic arrived in Iceland to film their new and supposedly snow-bound series 'Fortitude'...
Arts and Entertainment
Jenna Coleman as Clara Oswald in the Doctor Who Christmas special
tvForget the rumours that Clara Oswald would be quitting the Tardis
Arts and Entertainment
Japanese artist Megumi Igarashi showing a small mascot shaped like a vagina
art
News
The Queen delivers her Christmas message
newsTwitter reacts to Her Majesty's Christmas Message
Arts and Entertainment
tv
Life and Style
fashion
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

Christmas without hope

Gaza fears grow that conflict with Israel will soon reignite
After 150 years, you can finally visit the grisliest museum in the country

The 'Black Museum'

After 150 years, you can finally visit Britain's grisliest museum
No ho-ho-hos with Nick Frost's badass Santa

No ho-ho-hos with Nick Frost's badass Santa

Doctor Who Christmas Special TV review
Chilly Christmas: Swimmers take festive dip for charity

Chilly Christmas

Swimmers dive into freezing British waters for charity
Veterans' hostel 'overwhelmed by kindness' for festive dinner

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect
Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all