From the statement on the official site:

Further to our previous statement of the 29th May, Leeds United can confirm they have granted an exclusivity period to enable a potential investor to carry out the appropriate due diligence.

It is anticipated this will be a fairly straightforward process.

Lolno.

…unlike many of the previous approaches we have had to endure.

Oh the poor darlings. We will never know just what they’ve been through, the takeover bids they’ve had to endure.