Leeds United were previously considered for a takeover by Sheffield United's current owners before they bought the Blades.
The co-chairman at Sheffield United has discussed how they strongly considered buying Leeds United, speaking to online magazine i-72.co.uk.
Jim Phipps works alongside Prince Abdullah bin Mosaad bin Abdulaziz Al Saud at the Blades, and is determined to lead the club back into the Championship and eventually the Premier League.
Prince Abdullah bought Sheffield United in 2013, having spent plenty of time doing due diligence elsewhere, and has admitted a deal for Leeds United was just too complex.
He said: "The one we spent most time on was Leeds, but the club was going through a number of struggles, and also were in a complicated, semi-public negotiation involving Ken Bates and Gulf Finance House.
"It’s not our style to be involved in deals that are noisy, so that made us step back."
Up to two years was spend analysing potential clubs to invest, and Phipps preceded those comments with advice which current Leeds United owner has failed to heed.
"One of the things we were keen to do, was to avoid the mistake many foreign owners make when they assume ownership, which is to make decisions as though they understand English football. Our investment style is relatively humble; we’re ambitious people, but we realise we don’t know everything."
That is the biggest mistake Massimo Cellino has made at Leeds. He has too much involvement, installing a sporting director, who has gone onto suspend a key assistant to head coach Neil Redfearn in Steve Thompson.
The problems at the club are not just Cellino's fault. Had it not been for poor management beforehand then the club in all likelihood would not have fallen into his hands.