Leeds United transfer update emerges after £60m hit – Finance Expert
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
Dan Plumley has insisted that there is a limit to what Leeds United can do in the transfer window before the February 1 deadline strikes.
The finance expert admitted that the Championship has lower profit and sustainability regulations with the Whites also taking a £60million revenue hit since relegation.
It comes after Daniel Farke directly mentioned the Financial Fair Play rules at Thorp Arch recently in one of his press conferences as movement remains sparse around transfers.
“There is [a limit],” he exclusively told MOT Leeds News.
“It’s also the other end of the parachute payment argument in many ways, those payments are a benefit to a newly-relegated Premier League club, they allow you to have a bit of flex in your wage bill, it allows you to look at the balance of your squad and keep some of your biggest players to able you to be able to go back up.
“The other side of that is that you are then dealing with the profit and sustainability regulations in the Championship and the value of that in terms of the acceptable threshold is much lower, the limit rather than the Premier League.
“You have to adjust, you have to have those wage reduction clauses in contracts which we know Leeds have got, you have to rebalance that.
“You are more likely to get promoted when you have parachute payments, but you can’t go reckless in the transfer market as well, because you are under a different set of regulations and you’ve had £60m wiped off the revenue line in relegation as well.”
In other Leeds United news, our Expert also believes that the Whites could fine one of their players after an incident
For more Leeds news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.