Successful Leeds bidder to be revealed

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Ken Bates has a strong rival in the battle for ownership of Leeds after two potential investors joined forces to launch a takeover bid.

Current chairman Bates already had one offer on the table while it emerged that investment firm Redbus Group had linked up with another interested party, local property developer Simon Morris.

Redbus chairman Simon Franks admits his company are taking a big risk as they do not have access to important financial information, such as where recent season-ticket income has gone.

This has made the bid difficult to compile but Franks is confident he has put together a sound plan.

Franks told Sky Sports News: "I had a conference with all of my guys and some of them begged me to walk away. They just felt it is impossible to bid where you don't have any data and to do so would be risky verging on reckless.

"But we think Leeds is such a valuable franchise, such a great club that it is worth taking that extra risk."

Leeds were put up for sale by administrators KPMG last Friday after the Inland Revenue launched a legal challenge to Bates' original plans to buy back the club from administration.