Leeds United reported £ 21.4 million in annual pre-tax losses for 2018-19 | Instant News


Leeds United topped the Championship when the season was stopped due to a coronavirus pandemic

Championship leaders Leeds United have reported annual pre-tax losses of £ 21.4 million for the year ended June 2019.

The account covers the 2018-19 season, where Leeds barely promoted to the Premier League.

The club made an operating loss of more than £ 36 million, although player sales resulted in more than £ 15 million.

Turnover rose from £ 40.7 million to £ 48.9 million over the previous financial year, while total club wage bills rose from £ 31.3 million to £ 46.1 million.

Previous collection of Leeds accounts for 2017-18 showed an annual loss of £ 4.3 million.

It was also revealed in documents submitted at Companies House that Leeds might have to pay a bonus of nearly £ 20 million for players and management staff if they were promoted to the Premier League this season.

After finishing third in the Championship last season and then losing their play-off semifinals to Derby County, Marcelo Bielsa’s team was once again challenged for promotion in 2019-20.

They are top of the standings with nine matches left to play when the campaign is stopped due to the coronavirus pandemic.



image source

to request modification Contact us at Here or [email protected]

Leave a Reply

Your email address will not be published.