The 15 point saga is set to be resolved by former High Court judge, Sir Philip Otton.
It is believed that Otton will head a three-man panel consisting of former Premier League chief executive Peter Leaver, and Peter Cadman who has appeared on a number of high-profile Premier League disciplinary commissions.
The news has yet to be officially confirmed, and Leeds have as yet refused to comment.
Leeds have seeked an independent review of the league’s decision since the beginning of the season, but the Football League refused Leeds’ request so the initial decision which was voted on by all the other 71 member clubs of the Football League stood.
Ken Bates feels the vote was unreasonable as the other clubs had a vested interest in Leeds losing points, therefore the decision was neither fair or unbiased. The League vigorously denied such claims, and refused to let the decision go to an independent arbitration panel until Leeds United issued a High Court writ on the Football League.
The arbitration hearing is set for the 14th of April, with other clubs fate possibly resting on the outcome too.