The good news, however, is met by the bad, that in order to meet interest payments until the end of the season a player may be sold in January.
That makes Alan Smith's future insecure. Mark Viduka would be considered someone who could be offloaded to generate funds but, because of the extravagant way Leeds bought players when Peter Ridsdale and Allan Leighton ran the boardroom, Leeds do not "own" Viduka in the traditional sense that they would receive the money from any sale of the player.
Leeds have denied that they have received a bid of £2m for Smith from Newcastle, though their chairman Freddy Shepherd was at Elland Road last Saturday and the manager Sir Bobby Robson and captain Alan Shearer both admire Smith.
There was enough confidence that a new investor is about to come on board for unspecified persons at Elland Road to telephone agents on Thursday evening to warn them that Leeds could soon be signing players again, before the transfer window closes.
Watch this space as they say!