The deadline has been extended by a week after acting chairman Trevor Birch raised enough funds to ensure Leeds remain in business over the closing weeks of the season.
A statement to the Stock Exchange read: "The board of Leeds United plc confirms that its major finance creditors have today granted an extension to the existing standstill agreement until 5pm on Friday, February 13, pending the outcome of negotiations with interested parties and further discussions concerning the longer term restructuring of the group.
"On the basis of the current discussions the board of the company does not believe that there will be any realisation of value for shareholders from the offers being contemplated."