Duncan Revie's attempted takeover of Leeds United is not being constrained by the deadline of Friday's creditors' meeting.
The son of Leeds' legendary former manager Don Revie is heading a consortium believed to be mainly made up of Middle East businessmen but insists they won't be hurried into an early decision.
Friday's meeting called by the administrators is expected to see chairman Ken Bates win the vote that will give him charge of the club through his new company Leeds United 2007 Ltd.
Bates is offering one penny in the pound to creditors, which will mean that the club starts the new season almost debt free. Certain creditors, like players, are protected and must be paid in full.
And, with the worst of the contract chaos that has plagued the club in recent years now over and the squad down to a skeleton staff, Leeds United becomes an attractive proposal for anyone with the ambition, time and money to build on the potential of the only club in one of Britain's most thriving cities.
Revie, who has provided the administrators with proof that he has the necessary money if he decides to make a bid, has spent the last couple of days analysing the club's books and, if he is satisfied with what he finds, is likely to make an offer to Bates for the new set-up at Elland Road.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article