Leeds are today expected to announce they have reached a financial agreement with their American bondholders designed to avert the threat of administration.
With Leeds currently £78 million in debt and recently announcing a staggering British club record loss of £49.5million for the last financial year, United have teetered on the brink of becoming the first Premier League club to go into administration.
Last week Leeds were forced to announce their fears to the Stock Exchange after a planned £2.2 million cash injection from a company known as A.R.M Holdings Ltd, albeit fronted by Sheikh Abdulrahman bin Mubarak Al-Khalifa, failed to materialise.
An exact sum from deputy plc chairman Allan Leighton was still being made available, but not enough to keep Leeds from sinking into the financial mire.
It is believed the American bondholders have agreed to free up funds that will allow Leeds to trade in the short term, giving the club valuable breathing space as they battle for survival.
The sheikh's intentions remain unclear, for despite his claims he is in talks with a number of wealthy potential investors - believed to be Saudi Arabian - aimed at forming a consortium to take over Leeds, the club have still to receive an official approach.
Just over two years ago the club took out a 25-year, £60 million sterling "mortgage" designed to inject fast-track capital, offset against future season-ticket and match-day ticket sales.
Given Leeds' failure to reach the Champions League after their journey to the semi-finals in April 2001, such an interest-heavy scheme has since hung like a millstone around the club's neck.