Leeds United's statement in full

14 April 2012

"The Board of Leeds United plc confirms that it has agreed, subject to documentation, a wage deferral arrangement with all of the football club's professional players to assist the company's cash management.

"Gordon Taylor and Mick McGuire of the PFA met with the club's Finance Director, Neil Robson, and the players this afternoon to discuss the current financial situation at Leeds United. As a result, the players gave their unanimous support to a significant deferral of their wages.

"The Board is now in negotiations with its principal finance creditors to seek a further extension to the existing standstill arrangements to the end of the football season. A further announcement will be made in this regard in due course."

Commenting on the agreement, the club's Chairman and Chief Executive, Trevor Birch, said: "The Board understands that this position has been very difficult for the players and this request was made as an absolute last resort.

"The players' actions demonstrate their commitment and understanding and give Leeds United a massive lift as we look towards the rest of the season.

"There are 16 games left for Leeds United to fight for survival in the Premier League. The Board, employees, players and supporters should now pull together and do whatever they can to achieve this goal."

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