Massimo Cellino flew into the UK yesterday and is expected at the game this evening, ahead of a meeting with the Football League tomorrow as part of their owners and Directors test. Although the Football League has been quiet on the whole process, experts widely expect Cellino to pass given previous convictions are 'spent', as they are over ten years old.
Mike Farnan and his consortium are understood to be having one last roll of the dice in their ongoing quest to trump Cellino with a bid of their own. Last week, as Andrew Flowers stepped out of the race, Farnan was the only other option for GFH-C, but struggled to get the attention of the current Leeds owners, despite insisting he had the proof of funds required. As details of the Cellino bid were made public, the present board of GFH-C confirmed they would continue in various roles, prompting speculation this was the key reason why they only seemed prepared to deal wit Cellino.
Farnan will make representation to the Football league about his bid and proof of funds today, however the association has no authority to influence who GFH-C sell Leeds United to, so Farnans objectives are unclear. One theory is that the Football League may be more inclined to reject Cellino if they know there is an alternative option available to ensure the ongoing financial security of the club.
There could yet be more twists and turns in this story.