GFH CLOSE TO SALE
Gulf Finance House (GFH) Capital are close to completing the sale of Leeds United to Massimo Cellino, who is reportedly looking to sack manager Brian McDermott. The Italian businessman will be buying 75% stake in the club. The takeover deal is yet to be sanctioned by the football league, but reports have emerged in recent weeks that McDermott is counting his days as the Leeds United manager. His inability to guide the club even into the play-offs position is thought to be the reason behind the rumours, but the manager himself has now said that his position remains safe – for now.
Leeds are mid-table right now with only a few matches remaining. They need to make up eight points in order to catch Wigan Athletic in the final play-off place. McDermott has confirmed the recently that the 57-year-old is apparently happy with the work he has done in the last few weeks. Hence, he is likely to remain as the manager until the end of the season. Leeds are one of the famous names in English football after having appeared in the Champions League semi-finals a few years ago. However, they have fallen down the road in recent years and the new owners will be looking to rediscover the former glory.
“After the start of it all, so to speak, I’m in a good place. It happened. I got through it personally, we got through it as a club, things were said, and mistakes have been made on all counts. Now, for me, I’m in a good place, just trying to concentrate solely on what we have to do and that’s to win against QPR. It’s fair to say that Massimo is taking a very close interest. It’s very fair to say he (Cellino) is taking an interest and a very close interest,” said McDermott.