Sebastien Sainsbury has today been warned he would be making a “big mistake” if he were to offer any of the current Leeds directors a place on the new board.

Sebastian Sainsbury’s Leeds takeover looks set to be completed this week following a statement of intent by his Nova consortium colleagues.

The takeover of Leeds United is set to officially take place this coming Friday afternoon.

The Anglo-American consortium bidding to take control of Leeds are poised to conclude a £25m (€35m) deal.

Sebastian Sainsbury’s projected £25m (€35.8m) Leeds takeover appeared to move a significant step closer last night.

Sebastian Sainsbury’s projected £25m Leeds takeover appeared to move a significant step closer last night.

Sebastian Sainsbury insists the deal to buy Leeds will be sealed by the end of the week.

Leeds chairman Gerald Krasner sat tight as more details began to emerge of the consortium behind a projected £25m (€36.2m) buy-out.

Sebastian Sainsbury claimed today he will become Leeds chairman by the end of the week, amid more confusion over his consortium’s plans for the struggling club.

The latest takeover tale at Leeds continued today with Sebastian Sainsbury setting Friday as his target for becoming club chairman.

The British-American consortium planning a £25m (€36m) takeover of Leeds claim to have provided proof of funding to the Yorkshire club.

Leeds United’s board have asked for proof of funding after considering a £25m (€36m) takeover deal headed by Sebastian Sainsbury.

Preston have agreed to sell David Healy to Coca-Cola Championship rivals Leeds.

Finance director Melvyn Helme believes Leeds United are close to securing fresh investment.