Warnock, sacked by Premier League side QPR in January, took over the hotseat at Elland Road on Saturday following the sacking of Simon Grayson.
And Bates has revealed Warnock, who is in charge until the end of the season, is determined to win promotion and resume unfinished business in the top flight.
"Neil was on his way to Wolverhampton to be interviewed when I spoke to him and he was on the plane the next morning with Shaun and we met in Monaco," he told Yorkshire Radio.
"We had a long session and Neil wasn't particularly motivated by money. He has an ambition in that he has won promotion seven times and he wants to be one of the few managers to make it eight.
"In the way the game is going it will be difficult to do that. His ambition is to take Leeds into the Premier League."
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