Massimo Cellino got Banned
Massimo Cellino is the President of the English League Championship club Leeds United but the Italian entrepreneur was banned from having absolutely anything to do with the club after it was discovered that Cellino was found guilty of tax evasion. The ban was given to Cellino on December 1st of 2014 and extends until April of the current year, even though Cellino made an appeal against this decision it was rejected.
It was however, on January 23rd when Cellino started his ban after his appeal was rejected.
After this tax evasion incident was identified, Cellino was disqualified and not eligible from owning a club.
The 59 year old Italian entrepreneur has now revealed his intentions of not resuming his presidential role at Leeds Uniteds when his Football League ban expires in the summer. In order to comply with the ban that Cellino received, he had to sell a minority share in the club and now he is not the majority shareholder of the club.
Massimo Cellino unveiled his plans o stepping down from the presidential role at the club as he said: “At first I suggested that my intention was to resume in April the office of President of Leeds United Football Club after expiration of the disqualification term.I will not do so and I had actually decided not to do so in January already, soon after the confirmation by the Football League of its verdict.’’
“I wish to point out that I have immediately complied with all the requests of the Football League and, for such purposes, I instructed my consultants to arrange for all required actions in order to ensure my prompt exit from any management responsibility in the club. After a due process, I have also sold with a clear harm to my interests, a minority stake in the club, so that in no way I could be prevented from freely acting as an independent citizen and individual before any authority.”
Originally, Cellino had stated that when his ban reached its end in April that he would like to return to his presidential role but now it doesn’t seem like he is interested in making a return.