Revealed: Leeds United to make £172m financial announcement today
Leeds United are set to announce a loss on revenues of around £172million when they release their accounts later today, Football Insider analysis shows.
The West Yorkshire side are one of six Premier League clubs to have not yet posted their annual financial results ahead of the 31 March deadline.
The other clubs to have not filed their 2021-22 figures are Everton, Newcastle United, Southampton, Fulham and Nottingham Forest.
Leeds’ accounts have been audited by the Premier League and their finance department has been applying the finishing touches before they are released to the public.
Leeds posted only their second profit of the last decade in 2020-21, and their £26m surplus was one of just a handful of positive financial results in the Premier League, where clubs lost over £1billion in total.
Both wages and player amortisation costs are expected to rise significantly in Leeds’ imminent accounts, however.
Daniel James, Junior Firpo, Kristoffer Klaesson, and Jack Harrison – who spent the previous three seasons on loan at Elland Road – all joined the club permanently for a combined total of close to £60m during the financial year.
Merit payments will also decline after Leeds, who finished 9th in their first season back in the Premier League the previous year, only narrowly dodged relegation.
The return of matchday income will have somewhat bolstered their finances, with the club able to rake in around £15m per season through the turnstiles.
Broadcast receipts will remain steady, while commercial income is likely to receive a small boost thanks to new deals with Socios and BOXT.
In other news, Leeds United star Rodrigo set to quit if they go down.