Former Leeds United full-back Danny Mills has said Ken Bates is doing the right thing by continuing his involvement with the club.
Leeds announced last Wednesday that they will be
taken over by Middle East-based private equity group GFH Capital.
Bates will stay on as chairman until the end of the season before becoming president thereafter.
"Staying on as chairman is the right thing to do because he knows the club," Mills told BBC Radio Leeds.
"Fans will moan that he's invested in the stadium rather than the team but he's put the club on the right footing.
Leeds United under Ken Bates
- January 2005 - The former Chelsea chairman takes over the club in a £10m deal.
- May 2006 - Lose 3-0 to Watford in the Championship play-off final.
- May 2007 - Enter administration and are relegated to League One after being docked 10 points.
- May 2008 - Beaten 1-0 by Doncaster in the League One play-off final, having started the season with a 15-point deficit.
- May 2010 - Promoted back to the Championship at the third attempt after finishing runners up to Norwich City.
- May 2011 - Bates is confirmed as the club's sole owner.
- November 2012 - After a protracted period, Leeds announce that GFH Capital is set to complete a takeover of the club.
"I've always backed Ken because he was there when times were hard. He's guided the club, which was at financial meltdown, and has re-built it over time. The club is making money and is one of very few to be doing that.
"In terms of the presidency, I think he just wants to leave his legacy and, if the club gets back to the Premier League, he wants to be able to enjoy the spoils."
Bates has been chairman of the Championship club since taking them over in 2005 and officially became the
club's sole owner last year.
Mills made 141 appearances for the Elland Road club across a five-year spell and helped them reach the Champions League semi-final in 2001.
The 35-year-old is also confident that in Neil Warnock the club have the right manager to bring them success.
"His record in the Championship is exemplary, he has done wonders for teams at this level. He is good at getting to the play-offs and getting teams promoted," he continued.
"Over time he'll now be able to get more players in and help them push for promotion.
"There's still time to turn it around this season. It's a very hard league to get out of and it's all about hitting a good run of form like Newcastle did and more recently QPR did under Neil.
"If they come into a good bit of form in January then, as we've seen with other teams before, they can have a great opportunity in the play-offs."
2-1 win over Crystal Palace
gave Warnock's side their first league win since 6 October and moved them up to six points off the play-offs.