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Cellino funds payment on Luke Murphy transfer to avoid embargo
Amitai Winehouse (@awinehouse1)
It has emerged tonight that Massimo Cellino, apparent new owner of Leeds United, paid £140,000 to Crewe this past week to cover some of Luke Murphy’s transfer fee.
Murphy, Leeds’s first £1 million player in eight years, was potentially the subject of an embargo from Crewe to stop him playing had the money not come through.
Criticism of Cellino has been fierce, not least his treatment of Brian McDermott, but the situation at Elland Road has clearly reached a ridiculous level of farce. With increasing debts being reported by the media, Leeds supposedly losing £650,000 per month and severe wage crises taking place, Cellino’s willingness to spend to cover costs is the only thing keeping the club on an even keel.
Questions abound over GFH’s running of the club, given the debt accrued over the last year. Word is emanating that as far back as April last year, GFH were forced to turn to former owner Ken Bates for financial help, a staggering thought. Since then, David Haigh himself has covered gaps in the budget, as has Enterprise Insurance owner Andrew Flowers, who has since issued the club with a winding up petition to recover moneys owed.
In another example of the farce at Elland Road, erstwhile owners GFH Capital have disappeared off the face of the earth, now subsumed by Gulf Finance House itself.
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