As the takeover continues to drag on, it does appear that Massimo Cellino is the owner in all but name. Whilst the Football League rightly continue to seek further assurances, Cellino and family seem to be making themselves at home. What we do know is that he is effectively running the club. As well as putting money in earlier this year, he is said to be paying the wages as well. He is working with Brian McDermott too, and it's no coincident that 2 high profile, high earning players in Jack Butland and Connor Wickham have joined under his watch. Another signing is likely this week, and another Premiership player is targeted.
With all this going on, it's worth considering the risks. There is no guarantee that Cellino will be successful with his bid to buy, and all his investment at the moment will be in the form of loans. If the Football League reject his application, those loans could well be called in-and that would leave GFH and Leeds in a huge mess, as there doesn't appear to be a plan B-Farnans alternative takeover isn't getting anywhere, and haven't been invited to the table..
This would indicate that Cellino and GFH are confident of gaining approval-the longer the delay though, the more warning bella start to sound. I'm still confident it will all go through-possible even sooner than next week when the FL next meet to discuss..