The sheikh apparently forming a Middle East consortium ready to take control of Leeds is hopeful of "a positive outcome" by the weekend.
Leeds today confirmed to the Stock Exchange they have still to receive a bid from any interested party - but behind the scenes the wheels are understood to be firmly in motion.
Sheikh Abdulrahman bin Mubarak Al-Khalifa yesterday stated he was exploring a number of options to assist cash-strapped Leeds, who are currently £78million in debt. The sheikh, although a member of the ruling Al-Khalifa dynasty, lacks the fortune to personally ride to Leeds' aid.
But he is still a well-respected businessman. Because of Leeds' problems and his allegiance to the club stretching back 25 years, Abdulrahman has made it clear he wants to drag them out of the financial black hole in which they find themselves.
Negotiations with a number of investors are at an advanced stage, underlined by the fact Abdulrahman has enlisted the services of renowned stockbrokers Brewin Dolphin and law firm Linklaters. Given the reputation of both comapnies, any new client has to be stringently vetted - and Abdulrahman is no exception, with his own reputation as the brother of Bahrain's foreign affairs minister on the line.
The questions asked and checks made on Abdulrahman so far have been answered and verified, proving his intentions are serious. But he has refused to elaborate yet on the active investors he is talking to.
The sheikh today confirmed, though, that talks are progressing. He told Bahrain daily Al-Ayam: "We are working hard with some interested parties in order to find a positive outcome to the club's financial crisis - near the upcoming weekend or so, we hope."