ESPN understands that Leeds United are on the brink of a takeover, which could be completed in the coming days.
Bates told ESPN: "I am here in Monte Carlo but I am making no comment at all. If anything happens you will be the first to know."
Bates also refused to confirm that the party involved was in fact the reported Bahraini investors. Bates, though, did confirm that "an investor" has been granted an extension to the usual business process of due diligence, where the club's finances are examined ahead of a possible takeover.
Former Chelsea owner Bates added that has he has signed a confidentiality agreement, meaning that he cannot discuss any aspect of any potential takeover.