Radrizzani makes £20million Leeds transfer revelation as stunning seven-figure spend confirmed
Leeds United owner Andrea Radrizzani has delivered the revelation that the Whites have spent up to £20million on transfers since his arrival and that the wage expenditure has risen by a stunning £8million.
The Whites have had a major overhaul of both the first team and reserve squads at Elland Road over the last 12 months, seeing no less than 18 new faces through the door on permanent deals and 12 depart for other clubs.
Among those leaving for the exit door last summer were Charlie Taylor and Chris Wood, both of which made the move an hour and a half west to Premier League side Burnley, with both reportedly commanding big transfer fees from Leeds.
However, Radrizzani, who took full charge of the club after buying out Massimo Cellino last summer, has revealed that the expenditure on new players has not been covered by the duo’s departure to Turf Moor, and that the club’s spending on wages has increased by the seven-figure amount.
Speaking in a question and answer session held on LUFCTV’s app, as quoted by Leeds Live, the Italian said: “Very simply, we can say we spent about £19million or £20million on player transfers, obviously we didn’t get all the money for Chris Wood, but it will be paid within three seasons.
“We increased the salary wage but about £8million more than last year.
“So I think if you make some calculations we spent much more money than we got from these players so we can’t complain about that.”
The wage increase works out at approximately £154,000-a-week, which is a significant amount for a club sitting in Leeds’ position, although their league position of 11th, below the seventh place they finished last season, is still only five points behind the play off spots, the same amount the club ended behind Fulham in sixth.
In other Leeds United news, fans have reacted brilliantly to Brentford boss Dean Smith’s bizarre excuse for defeat.