Report: Leeds and Fulham big losers in the Championship as Coronavirus crisis bites
Leeds United and Fulham are the two biggest losers in the Championship, according to transfer experts Transfermarkt, as squad values plummet because of the Coronavirus outbreak.
Transfermarkt have posted squad values in the Championship, with Fulham and Leeds holding the top two spots.
The Leeds squad was said to be worth a total of £93.38m but that has now dropped almost 20% to £75.69m.
Fulham have taken an even bigger hit with their squad value dropping from £127.58m to £102.24m.
QPR is the side that’s taken the smallest hit but even they’ve suffered a 15.9% downswing.
The Coronavirus is having a big effect on every aspect of the game and this shows why many clubs are very worried about finances going forward.
Leeds moved quickly to agree wage deferrals as soon as football was suspended in the UK, and they posted major losses in their 18/19 accounts.
Transfermarkt founder Matthias Seidel said, as quoted by Leeds Live, “The stock market prices collapsed, many clubs could be threatened by insolvency und transfer plans came to a standstill for most clubs because of the many uncertainties.
“At the moment, it is difficult to imagine that transfer fees will continue to rise as they have in previous years in the foreseeable future.”
The only good thing for Leeds is that if they do secure promotion, they will be a buying club and looking to sign bigger players. And getting 20% off a £30m player is better than losing 20% selling a £5m player.
Transfermarkt has claimed that English clubs have lost a combined €2bn in value.
In other Leeds United news, Jean-Kevin Augustin posts single-word video message that Leeds fans will love