Last Updated: April 9, 2026 | 08:49 BST
LEEDS UNITED FINANCE:
2024-25 Accounts, PSR Analysis & Transfer Debt Updates
Leeds United record £49.1m pre-tax loss for 2024-25
Leeds United’s Premier League promotion in the 2024-25 campaign means the Whites are now operating with significantly larger revenue streams due to increases in broadcast, commercial, and matchday income.
However, Leeds still need to operate in a canny manner to stay within the parameters of PSR, and their focus is on being strategic as opposed to reckless, carefully managing squad improvements and wage increases with ensuring long-term financial help.
Leeds published their 2024-25 financial accounts in April 2026, which reported a pre-tax loss of £49.1m for the latest financial year, which was a combined impact of still being in the Championship and continued invest at a time of transition under the 49ers Enterprises.
There was an increase of income to £137m, up from 127.6m, while losses actually decreased from £60.8m to £49.1m. This growth was driving by a big increase in commercial revenue – namely sponsorship and advertising – and a modest increase in ticket sales during the promotion-winning Championship campaign.
Leeds United Financial Position: 2026
Financial Overview: Leeds United’s latest accounts show revenue rising to £136.8m, driven largely by a £16.2m surge in commercial income, while losses narrowed to £49.1m. The figures reflect a club growing commercially during their promotion-winning Championship season, now transitioning back to Premier League revenue levels. Despite stronger income streams, financial strategy remains disciplined, with PSR compliance and long-term sustainability guiding transfer and wage decisions.
Leeds United 2024–25 revenue breakdown
Broadcasting: Exact figures for this are not disclosed separately, but income rose to £136.8m from £127.6m. It is a figure that is still well below Premier League levels, and demonstrates how important getting out of the Championship.
Commercial (£25.7m): There was a 16.2m year-on-year increase commercially, with Leeds excelling in sponsorship, advertising, and partnership agreements. Their commercial strategy has really paid dividends, and was a real area of growth.
Matchday (£31.7m): Only a modest increase, but it was still improved by three per cent from £30.6m, driven by strong attendance and the volume of fixtures in the Championship, continuing to provide a stable and reliable income stream.
Overall, the club’s revenue mix shows a shift away from heavy broadcast dependence toward a more commercially driven model. The significant uplift in commercial income, combined with stable matchday revenue, helped offset the absence of Premier League broadcasting levels and position the club strongly ahead of their return to the top flight.
| Metric | 2024–25 (CH) | 2023–24 (CH) | Change |
|---|---|---|---|
| Total Revenue | £136.8m | £127.6m | ↑ 7% |
| Broadcast Income | Parachute-driven | £51.0m | → Stable |
| Commercial Revenue | £25.7m | £9.5m* | ↑ £16.2m |
| Matchday Income | £31.7m | £30.6m | ↑ 3% |
| Wages | Not disclosed | £84.0m | → Controlled |
| Player Trading Profit | Not disclosed | £34.5m | → N/A |
| Pre-Tax Result | (£49.1m) | (£60.8m) | ↓ Loss |
Figures based on Leeds United financial statements for 2024–25. Revenue increased to £136.8m, driven primarily by a £16.2m surge in commercial income, while losses narrowed to £49.1m during a promotion-winning Championship season.
Who are the key Leeds United boardroom and background figures?
Ever wondered who are the key decision-makers in the Leeds United boardroom? Beyond Paraag Marathe there is a whole technical structure working to help the Whites establish themselves among the Premier League’s elite.
Below is a list of all the key names working behind-the-scenes to make things tick at Elland Road.
Board of Directors (49ers Enterprises)
Club & Football Management
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