Ken Bates: Discussions are "well advanced"

Leeds United chairman Ken Bates has revealed that talks surrounding a potential investment in the club are making good progress.

Leeds have not made any announcements regarding the club's future since June, but Bates's comments will finally give the fans some hope of monetary backing.

"We're well advanced with discussions," Sky Sports News quotes Bates as saying. "There's a number of finer points to be resolved, but we're making good progress.

"We had four of the top people over here for a big meeting on Friday and they are at our game [today].

"The potential investors are looking to conclude things as soon as possible. Both parties regret missing the August transfer deadline, but we are planning for the January transfer window."

Bates became Leeds chairman in January 2005.