Leeds United owners have rejected a takeover offer.
Leeds owners GFH Capital have confirmed they have turned down a bid by an undisclosed party to buy a controlling stake in the club.
The identities of the consortium members have not been disclosed.
"We are aware of growing speculation regarding new investment at Leeds United," GFH Capital said in a statement on Leeds' official website.
"As can be expected with a club as fantastic as Leeds United, since our acquisition we have received several offers to invest in the club alongside us.
"The most recent offer was for a majority stake and has not been accepted.
"Although we continue to seek strategic investors, we will only bring on board those who we feel can make a positive contribution to the sustainable success of Leeds United."