Debt-laden Premiership club Leeds United has been given four more days to solve its financial crisis which may end with a takeover by local businessmen.
'The board of Leeds United plc announces that the standstill period with the company's principal finance creditors has today been extended to 5pm on 30 January 2004,' the club told the London stock exchange yesterday evening.
Under a previous agreement Leeds, more than £80m in debt, had to announce a rescue plan by midnight on Monday to avoid financial administration, a form of creditor protection.
A £20m offer for Leeds has been put together by a consortium of four Yorkshire-based businessmen, according to media reports.
The Leeds website had said earlier that the club had confirmed it was in talks about a takeover and 'constructive talks are continuing'.
