With the news that Massimo Cellino has failed the owners and directors test, what does that mean for Leeds?
It would appear that GFH have thrown all of their eggs in one basket, throwing their full weight behind Cellino's bid-despite the obvious risks that it entailed.
Cellino is reported to have loaned the club in th region of £10 million, and that will need to be repaid.
So what are the options? What is plan B?
With the current owners yet to speak out, mee can only speculate as to whether there actually is one.
Administration is one way out of this mess, and, despite David Haigh's denials, it is certainly a very real option.
GFH to carry on running the club is another-but they've made it very clear that they have no wish to continue finding us and are desperate to step away. In the short term they will have to plough some money in..
Option 3 is Mike Farnan-all alternate bidder who claims he has everything in place but cannot get to the table with GFH. His consortium of business men must surely now make a very open, public bid-if they are to be believed. They made a lot of noise when they couldn't bid-let's see if they carry it through now the path is clear..
Final option would be another bidder-highly doubtful at the moment as no one has raised their heads above the parapet, but, maybe lurking out there is multiple billionaire with cash to burn..
The club is in crisis, make no mistake, and we need someone from the club to come out and make some very clear statements, very soon..
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