The chairman of debt-ridden Leeds United John McKenzie is to step down from the company's board to allow him the freedom to launch a possible future bid for the club.
"To generate these funds it will be necessary to bring potential new investors into the club and negotiate on their behalf with the club's advisers and creditors," McKenzie said in a company statement today.
"To date there have been no substantive discussions with me, but clearly any possible future involvement in negotiations on behalf of potential new investors could cause a conflict of interest if I were to remain chairman of Leeds United Plc," he added.