Sources: Leeds faced with £100m+ bill after big-money deal agreed
The Leeds United wage bill for this season is expected to rocket past the £100million mark after a series of big-money contracts were finalised, Football Insider understands.
The club’s latest accounts show United’s payout on salaries for the year ending July 2020 amounted to £78m, up from £46m the previous year.
A Leeds source has told Football Insider the club expect to pay well in excess of £100m on player wages this season.
That is partly a consequence of the vast outlay on expensive talent in the summer of 2020 as well as more big-money deals in what was a quieter period of business in the window just shut.
Raphinha, Diego Llorente and club-record signing Rodrigo were among those who came at a huge cost last year, while Dan James and Junior Firpo were lured from Man United and Barcelona with lucrative contract offers that accompanied that expensive fees.
Leeds also handed Patrick Bamford a “big-money” pay rise when he signed a new five-year contract last month, the source added.
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Revenues have also climbed hugely for Leeds since promotion as they benefit from the vast Premier League broadcasting windfall as well as significant increases in their shirt sponsorship and kit deals.
Owner Andrea Radrizzani has made clear his ambition to compete with the top-six clubs routinely playing in European competition.
United’s wage bill was £46.1m for the year ending June 2019 compared to £31m for the previous season.
It has now more than tripled in a couple of years and that is expected to only rise if they remain in the top flight.