Finance Expert: Leeds United have no issues with Profit and Sustainability rules after Elland Road reveal
Leeds United have “no problems” with the Premier League’s Profit and Sustainability rules, according to Swiss Ramble.
The football finance expert reported via their Twitter account on 11 April that Leeds’ losses over the last three-year period are “well within the limit after making allowable deductions for academy, community and infrastructure, promotion bonus and COVID impact”.
The Yorkshire giants uploaded their financial results for the 2020/21 season on Companies House on 6 April and they have managed to turn a £64million operating loss into an operating profit of £5.5million. That, however, was helped out by a £23million share capital injection from the San Francisco 49ers.
No sweat
Leeds’ financial results were very pleasing, truth be told.
While we expected the heavy spending and the impact of the COVID-19 pandemic to lead to a financial hit, that wasn’t the case.
Leeds made an unprecedented operating profit and still managed to spend around £100million on strengthening their squad.
At the same time, the Whites start to rebuild their profile as a Premier League club and boost the value of their assets.
Raphinha was a £17million player. He’s worth four or five times that now.
Kalvin Phillips? Give us £100million and we’ll talk.
Leeds’ financial health is brilliant when you consider the circumstances and there’s nothing to worry about in regards to Financial Fair Play and the aforementioned Profit and Sustainability rules.
If only it was so simple for Frank Lampard at Everton, eh?
Leeds have a big summer coming up and we expect the club to really push on with strengthening the squad.
Someone like Raphinha might be sold to help fund that overhaul but there should also be some backing from Andrea Radrizzani and the 49ers too.
In other Leeds United news, this 29-year-old faces being bombed out of Elland Road after what happened on Sunday.