Leeds release a statement regarding Football League's decision over Massimo Cellino

Cellino has 14 days in which to appeal the Football League's decision. Photo: PA

At its meeting on Sunday evening, the board of the Football League considered the eligibility of Massimo Cellino under its owners' and directors' test.

The board considered detailed legal advice with regard to the application of its regulations within the context of a decision made under Italian law.

Mr Cellino was recently found guilty beyond reasonable doubt by a court in Sardinia of an offence under Italian tax legislation relating to the non-payment of import duties on a boat. This resulted in a fine of 600,000 euros, an order for the payment of trial costs and the confiscation of the boat in question.

Having fully considered the matter, the board agreed unanimously that the decision of the Italian court does constitute a disqualifying condition under its owners' and directors' test.

The relevant disqualifying condition being that Massimo Cellino has been convicted of an offence involving acts that would reasonably be considered to be dishonest.

In line with Football League regulations, Massimo Cellino is entitled to appeal against the board's decision within 14 days. In such circumstances, the League would seek to expedite the process to deliver certainty to all parties in the shortest possible timeframe.