In a News of the World article Bates was filmed talking to fans outside Elland Road.
In a video recording, Bates spoke about his desire to "f***" Chelsea after accusing them of tapping-up two of Leeds' youth squad.
On the video, Bates tells fans: "If you think about Leeds, the biggest city outside London, they're creaming off all the talent, that's why f***ing Chelsea nicked two of 'em.
"That's why we're sueing 'em, we'll get £6-7m."
A fan interjects: "What, so are we getting summit?"
Bates responds: "Oh yeah, we're gonna f*** 'em, oh, it's a technical term. "I'm the only guy running Leeds United Football Club never to take a f***ing penny out of the club.
"I'm planning to build Leeds, which affects you. I'll be dead when you're applauding the next generation, our home-grown players."