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Leeds given another fortnight
Leeds United have been granted a two-week extension to their current administration deadline by their creditors - as they redouble their efforts to find a buyer for the stricken club.
Skysports.com understands that the Yorkshire club will announce on Monday - the original date for finding a solution to their financial concerns - that they will have another fortnight to work towards their salvation.
It had been feared that the failure to find a major benefactor to buy the club could send Leeds into administration and an uncertain future.
However, the news that a two week extension will be allowed has given chief executive Trevor Birch some breathing space in his search for a means of recovery.
Birch had been angered by reports in the Sunday papers claiming that the club were considering a ground-share with Barnsley - labelling the story as 'mischief-making.'
The chief executive is believed to be angry that quotes he made back when he first arrived at the club had been used to add credence to the story.
"A ground share with another club is not an option that is being considered at all in our current circumstances," read a statement on the club's official website.
"The possibility of a stadium redevelopment is something that will be looked at in 3-5 years time, but is not even on the agenda with more pressing needs to address.
"The report has no substance and is mischief-making."
Leeds given another fortnight
Leeds United have been granted a two-week extension to their current administration deadline by their creditors - as they redouble their efforts to find a buyer for the stricken club.
Skysports.com understands that the Yorkshire club will announce on Monday - the original date for finding a solution to their financial concerns - that they will have another fortnight to work towards their salvation.
It had been feared that the failure to find a major benefactor to buy the club could send Leeds into administration and an uncertain future.
However, the news that a two week extension will be allowed has given chief executive Trevor Birch some breathing space in his search for a means of recovery.
Birch had been angered by reports in the Sunday papers claiming that the club were considering a ground-share with Barnsley - labelling the story as 'mischief-making.'
The chief executive is believed to be angry that quotes he made back when he first arrived at the club had been used to add credence to the story.
"A ground share with another club is not an option that is being considered at all in our current circumstances," read a statement on the club's official website.
"The possibility of a stadium redevelopment is something that will be looked at in 3-5 years time, but is not even on the agenda with more pressing needs to address.
"The report has no substance and is mischief-making."
