The drinks company has been linked with a bid for the Championship club.
The club's controversial current owner Massimo Cellino then confirmed the interest to the Yorkshire Evening Post yesterday.
The story came hot on the heels of the Steve Thompson suspension furore, and claims manager Neil Redfearn was told not to play Mirco Antenucci any more because he could activate a clause in his contract.
With Leeds seemingly in turmoil, the news was widely welcomed.
But any Leeds fan who did fancy the idea of their team being re-named 'the Leeds Red Bulls' will be disappointed with today's development.
Red Bull have denied an interest in a Leeds takeover.
"Another involvement in football is not planned."
Three football teams currently carry the Red Bull brand. Austria's Red Bull Salzburg, USA's New York Red Bulls and Germany's RasenBallsport Leipzig. It would seem there are no plans to add Leeds to that list.
It is probably a good thing Red Bull are not taking over. Leeds fans want Massimo Cellino and co gone, but Red Bull's ethos does not fit in with the Yorkshire club's tradition.
Back to dreaming of Russell Crowe, or hoping the Leeds Fans LLP gains momentum.