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Not necessarily, they are just following their rules blocking the takeover as he is a convicted criminal. And the league could block that, but the same money could just be put in as sponsorship deals. Pretty sure there are other interested parties for Leeds, but will they want to save a club...

Probably, but the big question is will he demand to have the money he has put in - back ? If so, then its certain administration for them.

First owner to fail the "fit and proper" persons test by the Football League. Leeds are now in deep, deep trouble. http://www.football-league.co.uk/footballleaguenews/20140324/football-league-statement-massimo-cellino_2293334_3729469 Connor Wickham also recalled by Sunderland from his loan at...