Reports in the West Midlands claim that Leeds potential re-sale could have an impact on cash-strapped Coventry City with a potential American buyer turning his focus on the whites' instead of the sky Blues.

Preston Haskell IV (seen here to the left with some familiar characters) apparently was rumoured to be interested in purchasing Leeds late last year, but lost out to GFH Capital in the end.

GFH now are apparently looking to sell Leeds on, making a profit of around £7m according to the Daily Mail. Will the Texan, reportedly worth £150m come back in for the whites and abandon his interest in crisis club Coventry?

The Sky Blues are teetering on the brink of administration and Haskell and his cronies have apparently had a look round the Ricoh Arena and were in town to see Coventry draw with Colchester United.

Meanwhile a bizarre statement has appeared on the official Leeds website which stresses that although Gulf Finance House, parent company of GFHC say they want to sell their outright stake what they really mean is they are hunting for strategic investors.

It reads "In March 2013, Gulf Finance House (GFH), parent company of Leeds United FC owner GFH Capital, published its financial audited report that stated it was looking to sell its stake in the club. To clarify and as previously stated, GFH Capital is looking for investment in part of its share in the club, not its entirety. GFH Capital has been transparent since acquiring Leeds United and is continuing to look for strategic investors in part of the club that can invest in Leeds United, alongside GFH Capital, to ensure a long term, sustainable future. Since GFH Capital took ownership of Leeds United, it has fulfilled its promise of investing in the club, with around £10 million having already been injected into the club; to strengthen the squad and for other working capital purposes. Additional financial support will continue to be provided as required. Through cutting ticket prices, reducing 2013/14 Season Ticket costs and the introduction of Half-Season tickets, attendances have risen at Elland Road as GFH Capital continues with its goal of re-engaging existing fans and attracting new supporters to the club, plus the recent International Soccer Schools and 'Take it to the Kids' initiatives. To date, GFH Capital has fulfilled the plans pledged and its strategy for the club remains the same; to build a group of strategic investors to put Leeds United in the best position both on and off pitch for the long term."

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