Dr Dan: Leeds United transfers could be impacted due to FFP problems
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Leeds United...
Leeds United could see their transfer activity affected given their battles with FFP.
That’s according to Dr Dan Plumley who claims that relegation could add further to their financial woes.
The fact that the Whites made losses of £71million in 2020 and are expected to have a similar financial hit in 2021, does not make for great reading.
As the club are fighting relegation, failure to finish 17th or higher would see them lose another £60million in revenues.
Discussing this with MOT Leeds New, Plumley, a Sheffield Hallam University expert, said, “They lost £71million in 2020. They had a loss before that as well. £29million in 2019.
“Figures coming out for 2021 will be aggregated so they will weigh it up with the £71million. There is something in that. Probably will make a loss this year as well because of the pandemic.
“Relegation is the risk. What you don’t want is to be relegated. That’ll take £60million off the revenue line.
“It could but I don’t think it will be a cataclysmic problem but in terms of spending, you have to ask do we spend millions of pounds and risk the high wages to avoid relegation?“
Leeds are currently clear of the drop zone, but a few more losses like the one suffered against Newcastle could put them right in the dog fight.
Thus far, the Whites have failed to make any signings in January as they’re desperately battling relegation.
In other Leeds United news, Phil Hay issues a major January update amid recent development that would excite the Elland Road faithful.