If creditors do not agree to proposals which would put the company in a voluntary arrangement, Leeds United might not endure, the club's chairman has warned.
Ken Bates said that on Friday, creditors must accept a company voluntary arrangement (CVA), that would result in a lower return on the £35 million the creditors are owed.
The club was put into administration recently by the Big 4 accountancy firm KPMG.
Mr Bates recently told Yorkshire Radio: "If they want a football club in Leeds, they should make sure they vote the right way.
"If the CVA fails, I can assure the fans it's unlikely there will be a Leeds United Football Club."
It has been reported that there are already several possible bids in line to buy the club if the creditors do gain approval.
Leeds business mogul Simon Morris is believed to have made an offer, as well as Duncan Revie, the son of Leeds legend Don Revie.
If Leeds United does survive its financial woes, next season it will be playing in League 1, alongside other such fallen giants as Nottingham Forest.
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