Reports suggest that the consortium is very close to a deal after two months of complex negotiations.
Leeds, bottom of the Premiership, are thought to have debts of over £100m.
The consortium is thought to be Yorkshire-based and has been advised by former Bradford City chairman, Geoffrey Richmond.
The club has been seeking to stave off administration for the past few months. A deal is thought to be close because one of the club’s creditors has apparently grown frustrated at the lack of progress being made.
A deal could be in place before Leeds play Manchester City on 22 March.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
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Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies