Ken Bates insists he is not about to sell Leeds to former Newcastle chairman Freddy Shepherd.

But Bates confirmed he has held preliminary talks with Shepherd about the possibility of future investment.

Leeds chairman Bates attempted to play down the meeting and told Yorkshire Radio: "This is inspired speculation because Freddy and I had lunch last week in Newcastle."

Copyright (c) PA Sport 2007, All Rights Reserved.

Topics:
#Football
#League One
#Newcastle United
#Leeds United