Leeds United president Massimo Cellino is determined to keep hold of the club.
Cellino was holding talks in Bahrain with the club's former owner Gulf Finance House - the investment bank still control 25 per cent of the club's shares - when the Football League announced on Monday the Italian had failed its 'owners and directors' test'.
The league told Cellino he must stand down after finally receiving further evidence of dishonesty from the Italian judge who convicted him for tax evasion in March.
"I don't want to spend a lot of money on lawyers," Cellino told ITV. "This club in the last five years has spent more money on lawyers than players."
When asked to confirm he will appeal, Cellino said: "Sure. I'm going to meet my lawyers. They (Football League) have made a big mistake.
"They're just throwing money from the window."
Cellino took control of Leeds in April when his family company, Eleanora Sport Limited, bought 75 per cent of the club's shares from GFH.
The former Cagliari owner announced a new £20million investment in Leeds on Saturday and said he had successfully negotiated a £5million contribution from GFH after meeting with the investment bank's officials in Bahrain.
