Leeds United are set to pay out more than £7million in transfer fees by the end of this month, according to the club’s recently published accounts.
The Yorkshire giants are obliged to pay back instalments for signings completed before June 30 2019.
Analysis from Football Insider has learned that the sum totals £14m and includes £7.7m of transfer payments that must be paid by United by the end of June.
The remaining £6.1m of transfer fee instalments are not due until after the first deadline at the end of this month.
No information is divulged in the accounts as to which deals these payments are for, but one of them is likely to be a significant portion of the £7m sum agreed with Middlesbrough for Patrick Bamford in the summer of 2018.
The other headline recruit in that window was Barry Douglas, who arrived from Wolves for £3m, while Tyler Roberts and Adam Forshaw signed for multi-million fees in the previous window.
It is very common for major transfer fees to be paid in instalments rather than in one lump sum.
Finalisation of the paperwork for the latest accounts make clear that Leeds are themselves were owed nearly £17m from other clubs for transfer fees at 30 June 2019.
They will get a big chunk of that by the end of this month, which is much-needed due to the financial havoc wreaked by the pandemic.
Director of football Victor Orta expects the effects of the virus will cost Leeds “several million pounds” each month.
The Championship giants posted a mixed set of financial results that recorded a pre-tax loss of £21.4m for last season even though turnover climbed to £48.9m.
This was mainly due to a wage bill that rocketed to £46m annually as bumper new contracts were handed to the senior players as well as the £6million-a-year handed to Bielsa and his coaching staff.
In other Leeds United news, a sensational near-£30m-a-year deal is on the horizon.