Q: Who must pass the "fit and proper person test"?
A: Under rules established by the Premier League, Football League and by the Football Association for the Conference, anybody who takes over as a director of a football club, or the owner of more than 30% of a club's shares, must pass the test.
http://www.theguardian.com/football/2009/oct/07/fit-and-proper-person-test
10:46am, Thu 3 Apr 2014
Cellino's second attempt at Leeds United takeover 'close'Agreement 'close' for Leeds United take over
Last updated Thu 3 Apr 2014UK
Football
Leeds United
Prospective Leeds owner Massimo Cellino is close to reaching an agreement with a rival consortium for shared ownership of the club, it has emerged.
Cellino is waiting to learn the outcome of his appeal against the Football League's decision to block his £25million takeover.
But surprisingly, the Italian has opted to join forces with Together Leeds, a Yorkshire-based group headed by former Manchester United International director Mike Farnan.
A judge in London has still to decide whether to uphold the League's decision to disqualify Cellino from becoming club owner after the businessman was convicted of tax evasion in Sardinia.
Cellino's company, Eleonora Sport, and current Leeds owner Gulf Finance House Capital exchanged contracts on February 7 on a deal that would see the Cagliari owner buy 75 per cent of the club's shares.
Together Leeds, which includes former Leeds director Adam Pearson, Welcome to Yorkshire chief executive Gary Verity, Red Strike marketing executive Frank Devoy and another unnamed member, had a bid to buy the club turned down by GFH Capital in November.
GFH Capital has since refused to engage with Together Leeds, but the Farnan-led group have not gone away and this week moved to work alongside Cellino in a bid to prevent the club from sliding into administration.
It is understood that Cellino's share purchase agreement with GFH Capital gives him and his company, Eleonora Sport, the right to decide who to sell his 75 per cent stake to if his own takeover bid fails. Together Leeds is hoping to use that clause as a way in to Elland Road if Cellino's recent tax conviction for failing to pay import tax on a yacht contravenes the Football League's owners and directors test
http://www.yorkshireeveningpost.co.uk/sport/leeds-united/latest-whites-news/leeds-united-pfa-says-cellino-appeal-ruling-imminent-1-6537766