Football: Cagliari owners set to take over at Leeds
Published on Feb 1, 2014 11:19 PM
(REUTERS) - The owners of English Championship football team Leeds United are set to sell a majority stake in the club to the family that run Serie A side Cagliari.
GFH Capital said in a statement on Saturday that it had agreed to sell a 75 per cent stake to Eleonora Sport, which is owned by the Cellino family.
The Cellinos bought Cagliari in 1992 and plan to invest "substantially" in Leeds once the deal is approved by the Football League.
Leeds, three-time English champions in 1969, 1974 and 1992, have failed to regain their top-flight status following relegation from the Premier League in 2004.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here