Leeds caretaker boss Eddie Gray hopes Friday's takeover will help the club escape relegation from the Premiership. The Elland Road outfit are rooted to the bottom of the division but Gray believes they can still beat the drop.
"I know it's not going to be easy but we'll give it our best shot," he told BBC Sport: "I hope this news gives the players a lift.
"I'm sure it will give the fans a lift. They've been terrific this year and couldn't have given us more support."
Gray paid tribute to Trevor Birch, who has been succeeded as chairman by takeover consortium leader Gerald Krasner.
"Birch has been working very hard since he joined the club to put things right, so I'm pleased for him.
"You look at the position the club found itself in and we spent money we never had.
"That's something the new board will have to look at."
Leeds advisor Geoffrey Richmond revealed that Leeds' highest-earning player earns �3.5m a year, and that contracts worth �11m will expire at the end of this season.
But Gray stopped short of saying his best-paid players' would not have their contracts renewed.
"You don't necessarily have to offload them, you can renegotiate for a lower sum."
And he would not comment on his own future either, as speculation started that the new board would try to tempt Gordon Strachan to become manager.
MMIX
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You don't have to offload them, you can renegotiate for a lower sum 
