Kieran Maguire: Leeds well placed to 'go beyond £100m' with huge summer spend

Leeds United can add an eye-watering £50million to their wage bill in the summer and remain financially stable.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Leeds released their annual financial report on 3 April.

The figures showed that the club was spending £78m on wages when the accounting period came to an end on 31 July 2020.

Leeds will also have to fork out £35.3m in performance-related bonuses once Premier League survival is mathematically secured.

But Maguire insists there is room for greater expenditure in the wage department, comparing Leeds with clubs like West Ham to illustrate his point.

He told Football Insider correspondent Adam Williams: “I think they’ve got a bit of room to stretch their wage structure in the summer and beyond.

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“If you’re looking for someone to benchmark them against, I guess it would be someone like West Ham.

“They paid £127m in wages, so Leeds have got the potential to add another £40m or £50m on the wage bill.

“Southampton pay £113m, Brighton at £103m. So they are going to go beyond £100m.

“There is certainly scope for further investment in wages and the club can still be making money and be financially viable.”

Leeds have enjoyed a magnificent season in their first top-flight campaign since 2004, the high point of which was arguably Saturday’s 2-1 win over Man City.

Marcelo Bielsa’s side are currently 10th in the Premier League having won 45 points from 31 matches.

In other news, Leeds United urged to reignite interest in £20-25million-rated forward.