Leeds United chairman has asked for the fans patience in the transfer market with few deals being done in the next couple of months.
Leeds boss Neil Warnock made his first signing of the summer last week when he brought in Jason Pearce from Portsmouth and Warnock has promised a major influx of players this summer as he looks to build a squad capable of challenging for promotion next season.
Bates however says that in the current financial climate clubs are being much shrewder in their signings and are not willing to come in for players now when, they can remain with their current club and be paid by them until the end of July.
Speaking on Yorkshire Radio, Bates said, “”Neil has started the way he intends to go on, with the signing of Pearce.
“I must urge the fans to have patience. There will not be much movement over the next month or two.
“Clubs are going to be short of money this summer because of the three and half month`s close season, when it is normally just over two months. It will affect the cash flow.
“With players, where they are now being paid by their current club until July 31st, what clubs are going to come in sign somebody who will not do any work for them for three months.
“It is going to be a long slow arduous process over the next month or so.”
Leeds have given free transfers to five players as they look to reduce their squad. Alex Bruce, Lloyd Sam, Mikael Forssell, Danny Webber and Maik Taylor have all been told they can leave the club this summer.
Neil Warnock has also placed Ramon Nunez, Adam Clayton, Billy Paynter, Paul Rachubka, Andy O`Brien and Paul Connolly on the transfer list as the club look to reduce the squad size, something Bates alluded too.
“We have had 30 players this season but we will be looking to cut it to around 21 next season.
“It will not be easy. We have to sell as well as buy and the manager understands that,” added Bates.
So far only Maik Taylor of those players told they can leave this summer has found a new club.
The veteran keeper will sign for Millwall when his contract runs out at Elland Road over the summer.
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