Soccer: Italian Cellino completes Leeds Utd takeover
'Coach-eating' chairman trying to sell Cagliari07 February, 19:02
Cellino's family holding company is buying a 75% stake from the Middle East-based group that is currently in charge.
Leeds have won three English league championships and two Inter-Cities Fairs Cup and reached the 1975 European Cup final, losing 2-0 to Bayern Munich.
But their recent history has been troubled and they dropped to the third-tier of English football in 2007 after going into administration.
They returned to the Championship in 2010.
Cellino, an unorthodox character who is a big guitar enthusiast, failed in a bid to buy top-flight English side West Ham United in 2010.
The 57-year-old has a reputation for being a "coach-eating" chairman in Italy for the high turnover of bosses at Serie A side Cagliari.
His arrival puts the position of coach Brian McDermott in doubt.
McDermott was reportedly briefly sacked by Cellino last week, before being re-instated by the existing board.
Some Leeds fans have expressed concern over the takeover due to Cellino's criminal record for a fraud conviction.
Cellino is now trying to sell Cagliari after 22 years in charge.