By Craig Scott

8th Jul, 2020 | 9:03pm

Phil Hay details why Leeds transfer talks have hit the skids, fee seems to be main issue

Leeds United have seen their bid to sign Jadan Raymond hit the skids due to him signing a new contract at Crystal Palace.

The Athletic recently reported that the Whites were in “advanced talks” to sign the 16-year-old midfielder, who had decided he was going to quit Palace this summer.

However, he has since made a huge U-turn and has instead agreed a two-year scholarship deal with the Premier League club.

The Athletic’s Leeds writer Phil Hay has since reported why the Whites did not sign Raymond and it seems that the club’s indecisive attitude towards any potential transfer fee proved costly.

“Think Leeds were in two minds about how much compensation they might be hit for. A turnaround because as of a couple of weeks ago Raymond seemed like he was done with Palace,” said Hay on his personal Twitter account.

It is hard to say whether or not Leeds have missed out here.

It was reported that the Whites might have to pay up to £1million for Raymond and for someone who is so young and not really anywhere near first-team football, that seems excessive.

The economical side of football has been, and will continue to be, hit hard by the coronavirus pandemic.

That means that every penny will matter to clubs like Leeds, who do not get to enjoy the riches of having an oil-rich owner.

Sure, winning promotion to the Premier League will boost revenue massively and more than make up for the money lost by matches being played behind closed doors.

But you have to spend Premier League money to stay in the Premier League and that £1million for Raymond is better served being put into signing a new striker, a replacement for Ben White. Or – hopefully – White himself.

As we said. Every penny matters.

In other Leeds United news, Thomas Frank has done Marcelo Bielsa’s pre-Stoke team talk for him.