By Sean Fisher

28th Nov, 2022 | 12:10pm

Leeds United £153.4m net loss since promotion highlights Victor Orta incompetence at Elland Road

Since Leeds United were promoted in 2020, the club’s transfer business has seen them lose £153.4million in net spend.

Leeds United ended a 16-year Premier League absence in 2020 by achieving promotion under Marcelo Bielsa – in their first season back the Whites then managed a mightily impressive ninth-place finish.

Leeds then narrowly avoided relegation under Jesse Marsch last season, but the latest glance at net spend shows that retaining the club’s Premier League status did not come cheaply.

As reported by the Yorkshire Evening Post, Leeds have racked up a net loss of £153.4million since their 2020 promotion – only six teams have a bigger loss.

To make matters worse, Leeds actually made more from sales this summer than they spent on summer signings, meaning the net loss comes from the previous two transfer windows.

It includes the signings of Dan James (£25m), Junior Firpo (£12m), Helder Costa (£16m) and of course the disastrous Jean-Kevin Augustin saga (£18m) – all of which are nowhere to be seen in Leeds’ lineup this season.

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That is just four out of many poor business decisions made by the club, and the blame has to lie with Victor Orta. Leeds’ director of football is responsible for negotiating fees for transfers, and while he can take pride in his moves for the likes of Tyler Adams and Raphinha, his overall decision-making has been poor since the club’s promotion.

With Leeds gearing up for a potential takeover from the 49ers Enterprises [The Times], the American investors will be taking a long look at Orta and deciding whether or not to stick with the Spaniard heading forward.

Many of Marsch’s signings this summer came from his own experience with the Red Bull system, with Brenden Aaronson, Adams and Rasmus Kristensen all having worked with the American coach before.

To have spent so much and left Marsch such a depleted and thin squad when he first arrived is inexcusable, and Orta should be sweating over his position at the club.

In other Leeds United news, the 49ers takeover at Leeds United could be under threat as the ‘worst financial conditions in a generation’ scare US investors