Leeds United will today announce slashed season-ticket prices for their first campaign in the third tier of English football.

Although the club is in administration, the new prices have been agreed and will be sent out to existing season-ticket holders.

Leeds' prices last season were the dearest in the Championship, with the highest priced ticket costing £726. Chairman Ken Bates and his fellow directors came under heavy criticism from fans for the high cost of watching matches at Elland Road and league crowds dropped to an average of 21,569.

When prices were reduced for the games against Plymouth and Ipswich in April, crowds soared to over 30,000.

Matchday admission prices are expected to be announced within seven days of the fixtures coming out on June 14.

Leeds United's administrators have announced that two creditors' meetings will be held at Elland Road on Friday, June 1.

At the first meeting, at noon, a vote will be taken to approve the Company Voluntary Arrangement process. A second creditors' meeting will the be held at 2pm when the proposal to complete the club's sale to Leeds United FA Limited, a new company headed by Ken Bates, will be considered and is expected to be voted upon.

Creditors will also be told of any matters which may influence their decision, including the level of interest from other potential buyers and any alternative bids.

In a statement the administrators said: "The proposed sale enables the club to survive and offers a minimal return to creditors. We know from preliminary discussions that the deal is supported by some of the larger creditors, however it still requires a majority of 75 per cent to be approved.

"If the proposal is carried the CVA process will move forward, which ill involve agreeing the club's new ownership with the Football League and paying a dividend to creditors. If not, we will seek an alternative and again request creditors' approval."