Crisis club Leeds United are in a financial death spiral.
The Daily Star says Leeds are piling up debts of more than £1m-a-month.
The club's current owners, GFH Capital, are keen to complete a deal with Massimo Cellino as quickly as possible because of a mounting financial crisis.
It is understood staff fear not being paid at the end of this month, while the club is facing a winding up order from their main shirt sponsor, Enterprise Insurance, over an alleged unpaid debt of £1.8m.
Cellino has made it clear he is willing to settle the debt as part of his takeover, while he has also lent the Yorkshire outfit £1.5m to keep them going.
But it is understood that unless Cellino can complete his £12m buy-out before the end of this month, Leeds will be in danger of going into administration again.
