Kieran Maguire: Leeds have planned for disaster striking with Bielsa and Phillips quitting

Leeds United may be flying high at the moment but they must ensure they have a financial safety net should disaster strike. 

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about comments made by ex-Leeds chairman Gerald Krasner.

Speaking to PA news agency (via the Independent, 28 May), the 72-year-old warned: “the nature of football is when you think it’s all going smoothly – beware.”

 

He also said it had given him “immense satisfaction” watching Leeds’ revival and that current owner Andrea Radrizzani “hasn’t put a foot wrong.”

Krasner oversaw a dark chapter in Leeds’ history as he was charged with the administration of the club between 2004 and 2005.

And Maguire claimed that Leeds must have contingency plans in place to stop misfortune on the pitch from turning into another financial disaster.

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“Football is unpredictable,” he told Football Insider correspondent Adam Williams.

“We’ve seen over the course of the past 18 months Covid, Project Big Picture and the Super League. That tells you that you’ve got to be very cautious.

“We’ve also seen last year’s Premier League champions only get into the Champions League places on the last day of the season.

“We are all fully aware of Leeds’ biggest assets, i.e the manager. What would happen if Man United sack Solskajer and approach Bielsa? What would happen if Kalvin Phillips got a long-term injury?

“Even for a club as well-oiled as Leeds, that can impact the overall well-being of the club.

“They will have contingency plans for these situations. You’ve got to do an awful lot of future planning to legislate against them for a financial point of view.”

In other news, pundit warns Leeds United to be “very careful” with their young stars as intriguing report emerges.