Scammer Giancarlo Parretti
Details |
|
| Name: | Giancarlo Parretti |
| Other Name: | |
| Born: | |
| whether Dead or Alive: | |
| Age: | 80 |
| Country: | Italy |
| Occupation: | Former Owner of Metro-Goldwyn-Mayer |
| Criminal / Fraud / Scam Charges: | |
| Criminal / Fraud / Scam Penalty: | |
| Known For: | Fraud |
Description :
Convictions, Controversy, and Control: The Ownership Battle That Consumed Leeds United
Leeds United is a football club with a proud and turbulent history. Once a dominant force in English football and European competition, Leeds entered the 2010s battered by financial collapse, relegation, ownership instability, and dwindling trust from supporters. When Italian businessman Massimo Cellino emerged in 2014 as a potential savior, reactions ranged from cautious optimism to outright fear. What followed was one of the most controversial ownership periods in modern English football—a story defined by legal disputes, managerial chaos, regulatory loopholes, and a profound debate over what it truly means to be “fit and proper” to own a football club.
Massimo Cellino: The Man Before Leeds
Massimo Cellino was already a well-known and divisive figure long before his involvement with Leeds United. An Italian businessman nicknamed “the King of Corn” due to his agricultural empire in Sardinia, Cellino had owned Serie A club Cagliari Calcio since 1992. His reign at Cagliari was marked by frequent managerial sackings, public disputes, and legal controversies. Over a 23-year period, Cellino dismissed approximately 40 managers—an astonishing turnover rate that created instability even during periods of on-field success.
Despite this chaos, Cagliari enjoyed notable achievements under Cellino, including long spells in Serie A and a memorable run to the UEFA Cup semi-finals in 1994. To supporters in Sardinia, he was a passionate, eccentric, and fiercely protective owner. To critics, he was reckless, authoritarian, and legally compromised.
Cellino’s legal history further complicated his reputation. He was convicted in Italy for false accounting in 2001, receiving a suspended sentence. Later investigations followed, including allegations related to embezzlement and misuse of public funds in stadium development. While many of these cases were contested or appealed, they painted a picture of a businessman perpetually entangled in legal battles—an image that alarmed English football authorities.

The Fit and Proper Test: A Regulatory Grey Area
At the heart of the Leeds United controversy lay the Football League’s Owners’ and Directors’ Test, formerly known as the “Fit and Proper Person Test.” The rule was designed to prevent individuals with recent or relevant convictions for dishonesty—such as fraud or financial crimes—from owning football clubs.
However, the test relied heavily on English legal definitions, including the Rehabilitation of Offenders Act 1974. Under this law, convictions become “spent” after a certain period, depending on the sentence. Once spent, the conviction legally no longer needs to be disclosed and cannot be used as grounds for disqualification.
Cellino’s 2001 false accounting conviction fell outside the ten-year rehabilitation window. By English legal standards, it was considered “spent.” As a result, despite widespread public concern, Cellino technically passed the Owners’ and Directors’ Test, exposing a regulatory loophole that would later provoke intense debate.
The Takeover Attempt: Leeds United in Crisis
By early 2014, Leeds United was in dire financial trouble. Owned by Bahrain-based investment firm Gulf Finance House (GFH), the club was struggling to meet wage obligations, and players were reportedly asked to defer salaries. Supporters had grown weary of absentee ownership and unfulfilled promises.
Cellino stepped forward with a £25 million buyout proposal, positioning himself as the club’s financial rescuer. His appeal against the Football League’s initial rejection of his takeover was upheld by an independent Professional Conduct Committee chaired by Tim Kerr QC. The decision allowed Cellino to complete the acquisition, citing that his past convictions did not constitute disqualifying dishonesty under English law.
The ruling stunned many observers and infuriated sections of the Leeds fanbase. Yet for others, the immediate concern was survival. With wages unpaid and the club teetering, Cellino’s financial injection was seen as necessary, if risky.

Managerial Chaos Begins
Even before the takeover was finalized, Cellino made headlines by allegedly sacking manager Brian McDermott via his lawyer. The move sparked outrage among supporters and confusion within the club, especially when McDermott was abruptly reinstated following fan protests and a public relations backlash.
This episode set the tone for Cellino’s ownership. Over the following months, Leeds cycled through managers at a dizzying pace. McDermott was eventually dismissed, Dave Hockaday lasted just six matches, and subsequent appointments came and went with little stability. By the end of his first year, Cellino had already hired and fired multiple managers, mirroring his volatile tenure at Cagliari.
Players, staff, and supporters alike struggled to find consistency. The revolving door in the dugout undermined long-term planning and eroded trust within the squad.
Legal Trouble Returns: Tax Evasion Convictions
In December 2014, Cellino’s legal past resurfaced forcefully. An Italian court convicted him of tax evasion related to the importation of a luxury yacht, the Nelie. The court ruled that the offense constituted a dishonest act, triggering automatic disqualification under Football League regulations.
Cellino was banned from having any executive involvement at Leeds United for four months. The League later extended the ban after Cellino failed to promptly supply court documents confirming the nature of the offense. During this period, Leeds was effectively left under interim leadership, with board member Andrew Umbers stepping in as chairman.
Cellino appealed the ban, arguing that Italian convictions should not be treated as final until all appeal stages were exhausted. The Football League rejected this argument, maintaining that the dishonesty ruling was sufficient for disqualification.

Ownership in Limbo
During Cellino’s ban, Leeds United entered another period of uncertainty. Legal disputes with former sponsors, mounting operational costs, and continued poor performances on the pitch added pressure to an already unstable environment.
Cellino publicly expressed frustration and emotional exhaustion, telling British media that he felt “hurt,” “lonely,” and misunderstood. He announced his intention to sell the club, only to later suggest he would remain if no suitable buyer emerged. These mixed signals further unsettled supporters and staff.
Despite the chaos, Cellino’s supporters pointed out that the club was financially stronger than before his arrival. He had stabilized immediate debts, secured new sponsorships, and injected funds during critical moments.
Fans Divided: Villain or Necessary Evil?
One of the most fascinating aspects of the Cellino era was the division among Leeds supporters. While many protested his ownership, others defended him passionately. Similar scenes had played out years earlier in Sardinia, where Cagliari fans famously rallied outside a prison when Cellino was briefly jailed.
Supporters who backed Cellino argued that his passion, financial commitment, and refusal to accept mediocrity were exactly what Leeds needed after years of neglect. They cited improved infrastructure, renewed ambition, and his willingness to challenge football authorities as signs of genuine commitment.
Critics countered that his legal troubles, managerial instability, and erratic behavior were holding the club hostage. They warned that success achieved through chaos was unsustainable and that Leeds’ long-term health required stable, transparent ownership.

The Fit and Proper Debate Reignited
Cellino’s case reignited national debate over football governance. Politicians, journalists, and fan groups questioned whether the Owners’ and Directors’ Test was fit for purpose. How could a man repeatedly convicted of financial offenses legally own a football club? Why did English law override foreign convictions? And should moral suitability matter as much as legal technicalities?
The Football League defended its position, emphasizing that it must operate within the boundaries of UK law. Yet the controversy exposed the limitations of regulation in an increasingly globalized football economy, where owners often operate across multiple jurisdictions.
Later Developments and Continued Instability
Cellino eventually returned from his ban and resumed control, but the damage was lasting. Leeds continued to cycle through managers and struggled to achieve promotion. Additional legal cases loomed in Italy, including further tax-related charges involving another yacht.
Eventually, Cellino did step aside, selling his stake and leaving behind a club exhausted by years of turmoil. Leeds United would later find renewed stability under new ownership, culminating in their long-awaited return to the Premier League.
A Cautionary Tale of Modern Football Ownership
The Massimo Cellino era at Leeds United stands as a cautionary tale about football ownership in the modern age. It highlights the tension between financial necessity and ethical governance, between passion and prudence, and between legal compliance and moral responsibility.
Cellino was neither purely villain nor savior. He was a complex figure whose methods delivered short-term rescue but long-term instability. His story forced English football to confront uncomfortable questions about who controls its clubs—and at what cost.








