FRESH investment in Leeds United moved a significant step closer this afternoon when the Elland Road club granted exclusivity to an unnamed bidder.
The Championship club have been in talks with potential investors for the last month, with the front-runner believed for a long time to be from North America.
And on Tuesday they confirmed that they have got to the stage where one investor has been given exclusivity to carry out due diligence.
The club also say they are confident that a deal which will satisfy Football League regulations will be struck.
The club statement read: “Further to our previous statement on May 29, Leeds United can confirm they have granted an exclusivity period to enable a potential investor to carry out the appropriate due diligence.
“It is anticipated this will be a fairly straightforward process.
“A confidentiality clause prevents the club from making any further comment.
“However, our dicussions with them have left us very comfortable that they have the financial resources to support the club and that they will have no issues in satisfying the requirements of the Football League Owners and Directors Test, unlike many of the previous approaches we have had to endure.”