While it's usually said it is the chairman who is taking a risk when appointing a new manager, here however, it is simply not the case.
Monk has been without a club since his dismissal from Swansea City earlier on this season. After he was sacked from the club, it ended his 12 year association with the Swans.
Although it ended in disappointing fashion, many see Monk's spell at the Liberty Stadium as a success, with some even surprised to hear of his removal, despite a run which saw his side pick up only one win in eleven games.
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Monk has very recently been announced as the new Leeds United manager, on a one year rolling contract, following Steve Evans' dismissal.
Evans has recently been fired by Leeds, and is the man whom Monk will replace, but he is not the first to be fired by Massimo Cellino and certainly won't be the last.
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Evans was the sixth managerial casualty at Leeds under Cellino. Uwe Rösler, Dave Hockaday, Darko Milanic, Neil Redfearn have all felt the wrath of the Italian owner during his time at Elland Road.
In his position, as a football club owner/president, he has gone through a staggering 43 managers in just 24 years. On average he has given each manager just six months, a ridiculous statistic when compared to other football clubs and owners. The shortest reign under him was the unfortunate Milanic, who lasted just 32 days as manager.
It isn't just the rapid firing of managers that shades Cellino in controversy, however, it is foremost his criminal activities. Alleged and convicted.
As of February 2013, he is still under investigation for alleged embezzlement and fraudulent misrepresentation in regards to the construction of the Stadio Is Arenas. This isn't the first time he has come under criminal investigation, he in fact already has two previous criminal convictions.
The first for deceiving the Italian Ministry of Agriculture, back in 1996, cheating them out of millions, and the second time when he was also convicted of false accounting at Cagliari back in 2001.
The appointment of Monk as Leeds manager is a positive one, for Leeds anyway.
Monk is a relatively young manager with Premier League experience, using that among his footballing philosophy and methods, he could add, not only sustainability, but potentially success and promotion at Leeds.
For Monk, however, although he will be happy to be back working and eager to prove himself in a new challenge, he is of course taking a massive risk, and it's anyone's guess if he'll even have the time to put his own mark on the team.
Hopefully he can help restore this once great club to former glory or at least begin to. The unpredictable nature of Cellino could have the final say however.
Has Garry Monk made a big mistake by taking over at Leeds United? Have YOUR say in the comment section below!