Leeds United won’t be set off course by their recent financial results and will spend up to £100million in the transfer market again this summer.
That is according to ex-Leeds forward Noel Whelan, speaking exclusively to Football Insider after Leeds posted a £62.4m loss in their annual report released via Companies House.
The club received a boost in January as San Francisco 49ers pumped in £50m as part of a share purchase.
That came after Leeds spent £96million on transfers in the summer ahead of a first top-flight campaign in 16 years.
Whelan anticipates the same level of spending from the club this time around too.
He told Football Insider correspondent Dylan Childs: “I’ve heard about this big investment from the 49ers. That’s not gone on the field, it’s gone to balance the books and cover expenses.
“So the losses don’t worry me. Everyone’s posting big losses. Some are going to be double ours, quite frankly.
“I don’t think it will have much impact on transfer plans in the summer.
“The board realise they are going to have to spend £80-100m each season if they are going to be successful, if they are going to break into that top six. That’s the plan.”