But is it? It's been close for six weeks now and nothing has happened. And more to the point, if it does happen, what happens next?
There are still huge question marks over the buyers. If I supported Leeds I would be very, very worried indeed. If this bank is really committed to the club, why wasn't a deal done to help finance new signings in the window? Leeds are in touch with the teams at the top but have struggled to break into the top 6, never mind claim one of the promotion places.
Leeds fans will hope that they can "do a Reading" and put together a run of results that enables them to charge up the table. But new players take time to "bed in", and if a transfer war chest really is available to Warnock, January and February may be needed for familiarisation and precious points may be conceded. That's if a transfer war chest is available!
Bates' only priority is profit and he will not be arsed what happens to Leeds after he has gone. In fact, he would hate to see the club turn a healthy profit after his departure. There's still lots of questions that need answering with no answers forthcoming.
But the clock is ticking. The deal is close, close, close. If not today, then tomorrow - but that's Saturday! Then Sunday. No, Monday then. Or the day after. But it's close. Close. Close. Let's hope its not a pig's head on a stick, a Lord of the Flies!