5 April 2014Last updated at 14:07 GMT
Leeds United: Massimo Cellino wins takeover appeal
Massimo Cellino can complete his takeover of Leeds United after winning an appeal against the Football League's decision to block the move.
The Italian's Eleonora Sports company has agreed to buy a 75% stake in the club from Gulf Finance House Capital.
Last week Cellino was
disqualified from owning the Championship side after failing the Football League's owners' and directors' test.
But an independent QC has overturned the original decision.
Cellino, who is chairman of Serie A side Cagliari, was initially denied the opportunity to purchase Leeds by the Football League after
being found guilty in March of not paying import duty on a yacht in Italy.
In a statement the Football League said: "We are disappointed at the outcome of the appeal hearing, however we would like to thank the independent QC for his diligence in reviewing this decision.
"This was never about individual personalities, but instead was a matter in which we were obliged to uphold the integrity of our regulations having considered the issue in detail with our advisors.
"It was always an extremely complex matter in which a different interpretation of a judgment made under Italian law could lead to an entirely different outcome in the context of our regulations. Ultimately this has proven to be the case.
"The independent QC has concluded that Mr. Cellino's recent conviction in the Sardinian Court did not involve conduct that would 'reasonably be considered to be dishonest' based on information available to him at the current time.
"The Football League will now consider the findings of the hearing."