BBC SPORT | Football | My Club | Leeds United | Leeds extend deadline
Leeds United have agreed a new deadline for staying out of administration.
The crisis-hit club have now prolonged their 'standstill agreement' with creditors for five successive weeks.
This time the deadline has been put back two weeks, rather than seven days as in previous extensions, with 27 February the new D-Day.
Leeds' latest extension means chief executive Trevor Birch has not reached agreement with the Yorkshire-based consortium hoping to buy the club.
The consortium - still thought to be in pole position despite claims from Ugandan tycoon Michael Ezra that he is interested - is discussing a £20m takeover.
Leeds owe creditors debts totalling as much as £100m, with their financial plight not helped by several transfer window deals falling through in January.
Goalkeeper Paul Robinson was due to join Tottenham for £2m and Danny Mills, out on loan at Middlesbrough, looked likely to complete his switch to the Riverside for a fee of £1.5m.
Both deals fell through but the Leeds players did agree to defer a "significant" portion of their wages and former managers David O'Leary, Terry Venables and Peter Reid also delayed payments owed to them.
Now the Elland Road club - second from bottom in the Premiership table - must concentrate on staying in the top flight which would provide a major financial shot-in-the-arm for next term.
Leeds United have agreed a new deadline for staying out of administration.
The crisis-hit club have now prolonged their 'standstill agreement' with creditors for five successive weeks.
This time the deadline has been put back two weeks, rather than seven days as in previous extensions, with 27 February the new D-Day.
Leeds' latest extension means chief executive Trevor Birch has not reached agreement with the Yorkshire-based consortium hoping to buy the club.
The consortium - still thought to be in pole position despite claims from Ugandan tycoon Michael Ezra that he is interested - is discussing a £20m takeover.
Leeds owe creditors debts totalling as much as £100m, with their financial plight not helped by several transfer window deals falling through in January.
Goalkeeper Paul Robinson was due to join Tottenham for £2m and Danny Mills, out on loan at Middlesbrough, looked likely to complete his switch to the Riverside for a fee of £1.5m.
Both deals fell through but the Leeds players did agree to defer a "significant" portion of their wages and former managers David O'Leary, Terry Venables and Peter Reid also delayed payments owed to them.
Now the Elland Road club - second from bottom in the Premiership table - must concentrate on staying in the top flight which would provide a major financial shot-in-the-arm for next term.
