United Takeover On Course

Last updated : 18 January 2005 By Kevin Markey
But the emergence of Norman Stubbs' consortium may ease that threat.

The Yorkshire Evening Post understand that a number of the footballing creditors, who are owed in the region of £8m, have indicated a willingness to co-operate in order to assist the rescue package after Elland Road officials asked them for support.

If negotiations are successful, Leeds United could be in the hands of new owners as early as next week.

Gerald Krasner has already indicated that the current board are prepared to step aside to encourage new investment.

A number of high-profile figures from the City have stated that they would support a new regime, and may offer their backing to Stubbs' consortium if and when deal is struck.