Last updated on .From the section Leeds United

Massimo Cellino has worked with six head coaches during his 18 months in charge at Elland Road

Leeds chairman Massimo Cellino has agreed in principle to sell his share in the club to supporters' group Leeds Fans United.

The Italian, who is currently appealing against a Football League ban, met with fans on Friday.

He said he would sell his majority share, without making a profit.

"100% I will sell to the fans, if they want to buy it and look after the club. The fans are the only asset the club has," he told BBC Radio Leeds.

"I'm sad and embarrassed. My dream was to do my best but I've achieved nothing and family aren't even with me.

"I'm trying to protect the club but at the same time it means I have exposed myself. The result is that the fans say 'Massimo it's time to go'."

Leeds Fans United launched in April with the aim of buying a minority stake in the club and securing representation on the board.

They tweeted: external-link "Leeds Fans Utd has today reached agreement in principle with Massimo Cellino to purchase a majority stake in Leeds United Football Club."

Many supporters called on Cellino - who has been banned from running the club twice since his 2014 arrival - to leave Elland Road after a 2-0 home defeat by Blackburn on Thursday left them 18th in the Championship.

United would be the highest placed English club to be owned by their fans.

Leeds United are winless at Elland Road since March

Analysis: Adam Pope, BBC Radio Leeds

"This is coming at the same time that he is facing another ban from the Football League.

"There has been a lot of pressure on him from the fans and the national media this week. I think it is the fans chanting against him at Thursday's game that has made up his mind. He sounded genuinely distraught.

"There is a real malcontent around the club at the moment. He's done some good in his time there but I believe the time is right for a change.

"I've spoken to Leeds Fans United and I don't know how much money there is there now but I know that there are people willing to back their initiative."

Cellino's biggest controversies: a timeline