Report: Prospective Leeds owner Cellino guilty in tax case

Massimo Cellino’s chances of completing a takeover of Leeds appear to have been dashed after the Italian businessman was reported to have been found guilty of tax evasion by an Italian court today.

A court in Cagliari was reported to have found Cellino guilty of avoiding payment of more than €400,000 in import tax on a yacht he bought in 2010. It was reported that Judge Sandra Lepore fined Cellino €600,000 and ordered the vessel, named Nelie, be confiscated.