[Mighty T.A.L.]

Leeds United have money to spend

Leeds United look like they will drop into League One with transfer funds to spend despite having an embargo imposed after going into administration. Chairman Ken Bates has said Dennis Wise will have enough funds to launch a strong start to life in League One and the embargo will not hinder their hopes for next season.

"I don't discuss figures, and never have, but Dennis will have funds available to him, We're in limbo slightly but that does not stop us talking to players formally and agreeing deals in principle."

The Football League has confirmed that the embargo it imposed following the move into administration on 4 May was unlikely to be lifted until July.

"We've already held lots of informal discussions, and Dennis has got a long shopping list, we actually sent him away on holiday while all this was going on because there was nothing more he could do. But he knows who he wants.

"Obviously we've had a few setbacks and missed out on a few players, but that's inevitable regardless of whether you're in administration or not. It happens every year and you never get every player you try for."

At the end of last season Leeds released seven out of contract players but are expected to offer new deals to Tore Andre Flo, Rui Marques and Matt Heath once the club regain their ability to spend.

Source: walsall-mad.co.uk