Strachan will not replace Reid

Southampton manager Gordon Strachan has revealed that he will not quit to join Leeds United.

The former Leeds midfielder has been strongly linked with the Elland Road job since Peter Reid's sacking.

But he finally broke his silence and said he was content at St Mary's Stadium.

"I am happy in the job and I will not walk out on this club to join anyone else.

"There is not a problem with money or transfer funds or the relationship with the chairman, which is as good as any in the league.

Leeds face administration D-Day

"I am very happy with the way the club is run and the policies here."

There are doubts that Leeds could afford to land the former Elland Road legend after announcing on Wednesday that they could be forced into administration.

It's funny that he only comes out and says anything when it's apparent that Leeds are in a far worse state than anyone realised From Itchen Bridge Have your say on 606

Any move for Strachan would mean a compensation payment to the Saints of about �1m.

The club was hoping to announce a restructuring of their �80m debts following negotiations with their major creditors.

But Leeds have failed to reach a satisfactory conclusion so far with the American bondholders to whom they owe almost �60m, and a Guernsey-based finance company who helped fund player purchases to the tune of �21m.

Leeds, who announced a British club record �50m loss for the last financial year, confirmed to the Stock Exchange on Wednesday morning that they "may be forced to seek the protection of an administration order".

That would be a preliminary step to protect themselves from the prospect of creditors attempting to wind the club up.