After a failed offer by former vice-chairman Allan Leighton early last week, a new consortium of four Yorkshire-based businessmen has emerged as the club’s possible saviour.
Leeds are taking the offer seriously. One of Leeds’s main creditors, M&G —which, with two American banks, Teachers and Metropolitan Life, lent Leeds £60m in the form of a 25-year bond — said it was also considering the bid over the weekend.
"The offer is a very serious one,” said a source close to the club. “The issue is whether there’s a stadium deal or not."
The story was also mentioned on yesterday's 'Football Focus' with Ray Stubbs, Peter Reid and Gary Pallister.
Trevor Birch is confident United will get a few days breathing space and will not be forced into administration by tomorrow's deadline.
Sheikh Abdulrahman bin Mubarak Al-Khalifa may also make an offer and will meet creditors on Monday.