Leeds will not face a points deduction from the Premier League if they are forced to enter administration. The club's 'standstill agreement' with their major creditors comes to an end on Monday with �5-8m still needed.
But the Premier League does not have a standard policy for dealing with clubs in administration and this could help Leeds in their fight with relegation.
"Any proposed rule change would not come into effect until next season," said a Premier League spokesman.
The 20 Premier League chairmen are set to meet on 29 January to discuss the alteration in their rules.
 |  We have a range of option to deal with a club in administration |
A points-deduction sanction is likely to be approved for the 2004/05 season, but it is expected that a degree of flexibility will be included in any punishment.
From next season the Football League will have a 10-point deduction in place - but there are opportunities for appeals against the measures.
Leeds are not entirely in the clear in terms of disciplinary action if they fail to strike a new deal with creditors, because the Premier League says it already has powers to take action.
"We don't have a hard-and-fast policy in terms of a member club entering administration, but our rule book does give us a range of options to deal with that eventuality," the spokesman added.
"If a club started insolvency procedures they'd inform us of their situation.
"When we knew the extent of the problem and had seen an exit strategy we'd make a decision how to proceed on a case-by-case basis."
MMIX
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