A league spokesman said: “Massimo Cellino’s appeal under The Football League’s Owners’ and Directors’ Test has now concluded with the Independent QC reserving his judgement.”
Lawyers for the Italian businessman - who was represented by legal firm Mishcon de Reya - presented their case to a QC at a London law firm, with the Football League confirming that the appeal has concluded.
It is not known when the final decision regarding the case will finally be announced.
The added delay will represent another source of frustration to the club and Cellino, with doubt over his buy-out leading to a dispute over wages at Elland Road last week.