Soccer: Consortium set to take over at Leeds

CASH-STRAPPED Leeds are today expected to be taken over by the Yorkshire-based consortium who have spent the last two months putting together their bid.

Negotiations which began in mid-January should finally draw to a close, bringing to an end the uncertainty which has surrounded Leeds' future since they announced a financial standstill agreement with their creditors on December 4.

In the last 48 hours talks involving lawyers from all parties have progressed rapidly, with the deal understood to be worth £22m although Leeds owed £82m, the club's major creditors have agreed to cut their losses.