Firstly, it seems incredibly likely that the decision in Italy will mean Cellino now fails the Fit and Proper Director test with the Football League and an announcement to that effect should follow in days. The Football League gave themselves a ten day deadline last Thursday, so expect something by the end of this week, if not immediately.
What is unclear though is whether Cellino having leave to appeal will impact and delay that decision further. As of today, he has a conviction regardless of the appeal process, but how the Football League will judge that, especially based on their recent performance, is anyones guess.
Then we have the issue of money. If the Cellino bid is dead in the water with no way to bypass the Football League test, what happens to the money he has invested. He stated he wouldn't destroy the club by demanding it back, but saying and doing and two different things. Last week, David Haigh said the club was in no danger of financial collapse. It is not known if he feels the same way this morning!
Which then brings us back to the rival bidders, Farnan and Flowers. Dismissed by GFH-C when the riches of Cellino were flashed before them. Will they now be going back to the negotiating table with cap in hand, and perhaps a begging bowl as well.
There's a lot more to play out with this story yet!
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