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Cellino lawyers say Leeds takeover done

Massimo Cellino has officially become the new owner of Leeds United.

Cellino's company Eleonora Sport Limited has completed its purchase of 75 per cent of the club's shares and the 57-year-old has taken his place on the board of directors.

"Massimo Cellino has now been appointed a director of LUFC Holdings & ESL has completed its purchase of 75 per cent of the shares of LUFC Holdings," Cellino's legal representatives Mishcon de Reya tweeted.

Cellino is hoping the Football League will ratify his takeover at a board meeting on Thursday after winning his appeal against its decision to block his takeover.

The Italian's task of transforming the fortunes of Leeds was brought into sharp focus on Tuesday when the club revealed losses of £9.5million for the 2012-13 financial year.

The 57-year-old has inherited debts of more than £22million, the accounts confirm.

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