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Elland Road club will fall foul of ownership transparency rules and may not be allowed to be promoted.
Leeds United will be forced to reveal who owns the club if they are promoted to the Premier League.
The Yorkshire club are currently in the play-off positions, six points off automatic promotion with seven games remaining.
But the club will have to pass stringent rules if they are allowed to be promoted back to the top tier of English football.
Leeds chief executive Shaun Harvey told MPs last month a company called FSF, based in the West Indies, own the club.
FSF in turn is owned by three discretionary trusts, but the owners of these trusts are unknown.
The trustees have appointed Patrick Murrin and Peter Boatman to run the club and asked Ken Bates to be chairman.
Leeds’ ownership statement say no single person or company owns more than 10% of the discretionary trusts.
But the Premier League’s chief executive, Richard Scudamore, says ownership transparency rules will be applied more than the Football League have done.
“The Football League have chosen not to apply the rule as robustly as we think we will be applying it,” Scudamore told the Culture, Media and Sport Committee.
“The Football League have one view of how to interpret that rule and we have a more stern or harsh view of what the rule means.
“Our clubs absolutely agree unanimously that we should tell the public who owns the clubs and anything short of that is inadequate.
“If it arises, if Leeds United on sporting merit deserves to be in the Premier League, we will do all we can to persuade them to stay within the rules.”