If the other offers are better than Bates then I am unsure what happens as it was Bates who got the creditors (other than inland revenue) to agree the deal. I just hope they work out a way for Leeds to start the season, that would be the biggest hurdle for Leeds to overcome. Maybe, just maybe, something good can from it.
Did you see that pig flying past my window?
Pearson set to make Leeds offer
Former Hull City chairman Adam Pearson is set to make a bid for Leeds United, BBC Sport understands.
The League One club were put up for sale by administrators on Friday after a legal challenge to Ken Bates' takeover plans from the tax office.
Ex-Leeds chairman Gerald Krasner told BBC Five Live the interested parties he is aware of are "domestic based but the money may well come from abroad".
Potential buyers have until 1700 BST on Monday to submit an offer for the club.
Pearson left his position at the Tigers in June after selling the club to a consortium fronted by Paul Duffen for £10m.
The former Leeds commercial director insisted in the same month that he was not considering making a move to buy the club and said: "To be honest, I think we can put this to bed.
"But, as for the long term, I certainly wouldn't rule out going into another club. It's an industry I really enjoy."
But he is now expected to make a formal approach along with Internet guru Peter Wilkinson.
Krasner added: I have been speaking to a number of people over the past few months.
"One of the conversations was about two of the consortiums joining together to make one super offer. I think if they were to team up they would stand a good chance of getting the club."
Those who have previously declared an interest in buying the club include Duncan Revie, son of former Leeds manager Don, and property entrepreneur Simon Morris.
Earlier this week, businessman Simon Franks said he was ready to buy Leeds United, through his Redbus investment vehicle.
Leeds United has debts of £35m, including the money owed to HM Revenue and Customs in unpaid taxes.
Former chairman Bates had proposed to take Leeds out of administration, repaying creditors eight pence in every pound that it owed.
Story from BBC SPORT:
couldn't happen to a nicer club, and a nicer owner - Ken Bates, well played! and you have Peter Risdale, whose fault it is - happily plying his trade at Cardiff. funny, I suppose...
Breaks my heart to see where this famous club are at present.I never wrote once famous club because in my eyes this club will always be up there with the greats.
Just hope things get sorted and we can see Leeds United back where they belong,at the very top.