The Italian boss of Cagliagri was first rumoured to be linked to Leeds last week and appears to have gazumped the deal organised by Sports Capital. Stores of Cellino and his group being given extensive access to Leeds United over the past week have circulated, including a request for Gianluca Festa to be granted a seat in the home dug-out on Tuesday, a request that was denied. He would appear to have been GFH-C's preferred buyer.
The news will send shock waves of fear through Leeds United fans. Having endured 8 years of another controversial figure in Ken Bates, this will be the last piece of news they want. Cagliari has convictions in Italy for fraud and false accounting and is famed for various disputes with local authorities and officials. He is hands on in his running of clubs, sacking managers for fun.
Whether Cellino can pass the FA's 'Fit and Proper person' test remains to be seen, although if there is a way round it, he may just be the person to find it!
Either way, it is worrying times for fans with instability and uncertainty set to follow whether this news is confirmed or not.