Ken Bates, who today denied reports he is planning to relocate Leeds to South Leeds Stadium, has been told that entering administration may help to safeguard the club’s long-term future.

Yorkshire businessman Steve Parkin has revealed he was “within days” of clinching a deal to take over at Elland Road.

New Leeds chairman Ken Bates believes manager Kevin Blackwell has done “a marvellous job” in steering the club to a mid-table position in the Coca-Cola Championship.

Former Leeds chairman and chief executive Trevor Birch believes fans should greet Ken Bates’ takeover as “good news”.

New Leeds chairman Ken Bates has vowed to give manager Kevin Blackwell the chance he craves to finish a job he only started in the summer.

Ken Bates has vowed to buy back Elland Road and the club’s Thorp Arch training ground complex “in due course” as part of his long-term commitment to Leeds following his takeover today.

Leeds United have revealed that former Chelsea chairman Ken Bates has completed a £10m (€14.4m) takeover of the club.

Ken Bates could make a sensational return to football within the next 24 hours as Leeds’ potential saviour, although a three-way race has ensued to take over the cash-strapped club.

A GROUP of local businessmen are in negotiations to buy debt-laden English second division side Leeds United.

Leeds chairman Gerald Krasner is hopeful that the debt-ridden club’s future could be secured within a matter of weeks.

Leeds chairman Gerald Krasner is refusing to give up the fight despite admitting “administration will happen” after Sebastien Sainsbury’s proposed takeover finally collapsed.

LEEDS UNITED again stand on a financial precipice after Sebastien Sainsbury’s proposed takeover finally collapsed last night.

A leading football agent has defended his profession on the eve of a new report which will reveal a huge rise in the level of transfer payments made by clubs to third parties.

Leeds chairman Gerald Krasner has defended the decision to pay agents to offload high-earning players.

Sebastien Sainsbury has today confirmed he is holding talks with a number of investors as he looks to step up his bid to take over Leeds.

SEBASTIEN SAINSBURY is back in the running to take over Leeds just over a fortnight after being told by chairman Gerald Krasner his bid was dead in the water.

Rotherham 1 Leeds 0

Sebastien Sainsbury is back in the running to take over Leeds just over a fortnight after being told by chairman Gerald Krasner his bid was dead in the water.

Leeds today confirmed negotiations for the takeover of the US-backed consortium led by Sebastien Sainsbury have ended and Elland Road is to be sold under a sale and lease back deal.

SEBASTIEN Sainsbury’s £25m deal to take over Leeds appears to be in jeopardy - which could result in the sale of Elland Road today.

Sebastien Sainsbury’s £25m (€35.7m) deal to takeover Leeds appears to be in jeopardy – which could result in the sale of Elland Road tomorrow.

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.

LEEDS manager Kevin Blackwell yesterday expressed his fears for the future of a club he feels is being undermined by the ongoing takeover uncertainty.

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.

Sebastian Sainsbury will provide Leeds chairman Gerald Krasner with proof of funds on Monday to take control of the club.

Sebastian Sainsbury today insisted the consortium bidding to buy Leeds would prove they had the necessary funds to complete the deal.

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

Sebastian Sainsbury warned Leeds United chiefs today they face the stark choice of accepting his £25m (€36m) bid or selling Elland Road.

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.

Leeds manager Kevin Blackwell has accused the former Elland Road regime of “outrageous” behaviour in the way they went about sacking Peter Reid.

Leeds chairman Gerald Krasner insists the club’s fans have to accept “the financial realities” which have led the board to hold talks for the sale and lease of Elland Road.

Leeds United chairman Gerald Krasner has revealed the club’s Elland Road ground is up for sale.

NEWCASTLE will not be held to ransom as they attempt to push home their interest in Barcelona hitman Patrick Kluivert.