Revealed: Leeds secure multi-million cash windfall ahead of summer
Leeds United have already sold a remarkable 16,000 season tickets for next season in a multi-million pound windfall despite the financial squeeze caused by coronavirus, Football Insider understands.
The government launched a multibillion-pound injection last night to pay the wages of millions of workers facing lay-offs and to prevent the economy from collapsing.
But that has not stopped Leeds’ fan base from committing to supporting their side for next season as the club closes in on a return to the Premier League.
Of the club’s 23,000 season ticket holders, 16,000 have already renewed ahead of next Friday’s deadline.
The club have been criticised by a significant section of supporters for not extending the deadline in the wake of the coronavirus pandemic and the economic hardship that some are suffering.
Yet the massive cash sum will help the Championship’s best supported club continue to operate during the league suspension that will continue until at least 30 April.
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Chief executive Angus Kinnear announced earlier this year that season ticket prices would be frozen for a ninth consecutive year even though United are well placed to return to the Premier League for the first time since 2004.
Leeds’ last set of financial results demonstrated that gate receipts accounted for £11million of the club’s £40m turnover for the 2017-18 season.
More than half of this came from season ticket holders who pay up front to watch all of the matches at Elland Road.
In other Leeds United news, it can be REVEALED that a £15million deal agreed is to be spread across four payments.