Leeds United, four days away  from going into administration, are believed to have asked their players to take  a 20% pay cut, and are now willing to listen to offers for all their big-name  stars. 
The Premiership outfit are believed to have called in Professional  Footballers' Association boss Gordon Taylor for an emergency meeting with the  club's entire playing staff in a desperate attempt to ease their £83million  dept. 
Leeds have asked Taylor to hold negotiations with the players about  taking a 20% deferral of wages for the length of their contracts as the club  faces going into administration if they do not find a solution to their  financial crisis by the Monday deadline set by creditors.  
The club's 'stand-still'  agreement with their creditors is due to end in four days time, and  acting-chairman Trevor Birch is working frantically behind the Elland Road  scenes in the hope of attracting a buyer for the debt-laden club, or at least  enough investment to see Leeds safely through until the end of the  season. 
The Premiership side are therefore willing to listen to offer for their  most valuable players - strikers Alan Smith and Mark Viduka and goalkeeper Paul  Robinson. Viduka is expected to be the first to go, as his £65,000 a week salary  is proving to be a huge strain on the club. 
Bahrain Sheikh Abdulrahman  Al-Khalifa has been heavily linked with a take-over bid for the club. However  nothing concrete has yet materialised and should Leeds go into administration  the Premier League would almost certainly impose a points penalty on the  struggling side, which would push them closer to  relegation.