KPMG has refused to identify the five would-be investors ahead of the company voluntary arrangement (CVA) meeting.
But local property developer Simon Morris and Duncan Revie, son of former manager Don, have lodged an interest.
Bates was forced to call in the administrators on May 4 prior to the final game of the season, a decision which confirmed their relegation to League One.
The club is £35m in debt and the Inland Revenue issued a winding-up order due to an unpaid bill of £7m.
And the balance sheet revealed a £10m cash injection was required to keep the club alive.
But with the approval of administrators KPMG, the club were immediately sold to a newly-formed company, Leeds United Football Club Limited, of which Bates is a listed director.
Joint administrator and KPMG Restructuring partner Richard Fleming said: "While we have marketed the business and secured alternative offers for the club, we have also had to advise creditors that more than 25% of the creditors by value have informed us that the deal on the table, to sell the club to the newly-formed Leeds United Football Club Ltd, is the only proposal they will support.
"Given a CVA proposal requires the support of 75% of creditors by value, this would appear to make it difficult for any other offer to be successfully progressed."