49ers to bail out Leeds United after £190m reveal – Keith Wyness
Everton’s former chief Keith Wyness has admitted Leeds United may face cash-flow issues after their financial troubles were revealed in their latest accounts.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – admitted he expects the Whites’ owners, 49ers Enterprises, to get a handle on the situation and bail out the Yorkshire giants.
Although the club reported a record turnover of £189.7million in 2022-23, they posted a loss of £33.7million as they were relegated to the Championship.
Football Insider revealed on 27 April Leeds could potentially be hit with a points deduction if they fail to pay back the £190million worth of transfer fees they owe to other clubs, with £73.6million of that total due to be paid by the end of June this year.
49ers to resolve Leeds United cash-flow issues
Wyness admitted he isn’t too concerned about Leeds’ situation as he believes they could potentially cope with staying in the Championship for another season.
He told Football Insider‘s Insider Track podcast: “I’m not too concerned about Leeds.
“I had a look at the accounts and, while there is some potential cash-flow issues, I think the San Fransisco 49ers are certainly strong enough to be able to handle that.
“I would expect them to step in and make sure things are okay.
“There is about £190million due for transfers and players going forward, but I think they are going to be okay.
“It’s going to be crucial if they can get promoted, but I think Leeds could be okay even staying in the Championship for another season.
“They are on the borderline, but they are not in the intensive care yet.”
In other news, Five stars could quit if Leeds promotion bid fails.
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