Massimo Cellini recruits forensic accountants to get to the bottom of Leeds' financial chaos

Leeds United owner Massimo Cellino has hired a team of forensic accountants to investigate the financial chaos at Elland Road after specialist advisors told him the finances ‘were the worst mess they’ve ever seen at a football club’.

The club’s Thorp Arch training ground has been shut for the summer to save money, dozens of redundancies are expected to cut costs and some staff were not paid last week because the club bank account has been frozen.

Hands full: Massimo Cellino (right) is investigating the financial chaos at Leeds

Hands full: Massimo Cellino (right) is investigating the financial chaos at Leeds

That action was taken after a winding-up petition was served on Leeds by Sport Capital, a company owned by former managing director David Haigh, over an unpaid debt.

 

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To kick start any busines you have to know what is actually going on with regard to the operational processes and business accounts. Once things are more cleary visible then things can move forward on a controlled introduction and stepped progression basis.

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