Kieran Maguire ‘shocked’ by Leeds points deduction news – ‘they’ll have to sell’
Leeds United have enough “sellable” players in their squad to steer clear of a financial breach next season.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that he was “surprised” by reports of Leeds being close to a rule breach.
The Yorkshire club announced a loss of £33.7million in their latest 2022-23 accounts following a further loss of £34million in 2021-22.
Their relegation to the Championship in 2023 put the club at risk of a financial breach, and Daniel Farke’s side narrowly missed out on promotion back to the Premier League last season.
Under Profit and Sustainability Rules, Leeds will be allowed to lose a maximum of £61million over a three-year period ending in 2024-25.
Leeds United PSR claim shocks Kieran Maguire
Maguire is confident that Leeds can avoid a financial breach due to the club having “sellable assets” within the first-team squad.
“I am surprised at the amount of PSR attention given towards Leeds,” Maguire told Football Insider’s Sean Fisher.
“The losses they have suffered in the previous two seasons weren’t great – around £30million each.
“Leeds in 2024-25 will also see their allowable PSR losses drop down to £61million after spending two seasons in the Championship.
“But they have had some significant player sales and so I feel there is an element of scaremongering here or people not looking at the granular detail of Leeds’ accounts.
“It is likely that they will have to sell before the June 30 cut-off date but they have plenty of sellable assets at the club.”
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