Accounts 19-20

Leeds United news here, transfer rumours, club affairs, players, fans, etc.
Specific match discussions should go in the category below.
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SCOTTISH LEEDS
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Accounts 19-20

Post by SCOTTISH LEEDS »

Leeds United lost £64m during the coronavirus-hit 2019-20 season despite winning the Championship and gaining promotion to the Premier League.

The club spent £46m on players last season as Marcelo Bielsa's side ended a 16-year absence from the top flight.

It handed out £20m in promotion bonuses but saw an increased commercial revenue on the previous season largely thanks to merchandise sales of more than £15m.

Leeds made a £2.5m insurance claim for loss of profits due to Covid-19.

In accounts filed with Companies House, Leeds managing director Angus Kinnear said: "Despite the unprecedented operational and financial challenges posed by the Covid-19 pandemic, the group won the EFL Championship by 10 points whilst successfully maintaining the group's financial integrity with record commercial growth."

Turnover increased to £54.2m compared to £48.9m the previous year, which included a more than 60 percent rise in revenue from merchandise sales.

"The commercial figures illustrate the positive sentiment of the fan base and the new-found unity between supporters, players, management and, combined with promotion to the Premier League, represents the perfect platform for continued footballing and commercial success," Kinnear added.

The financial year is from the 1st of July to 30th June. Also seems there is a clause saying a bonus of £35m will be paid for this season.
Last edited by SCOTTISH LEEDS on 04 Apr 2021, 16:51, edited 1 time in total.
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Selby White
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Re: Accounts 19-20

Post by Selby White »

£46mill on players I assume includes what we paid for the various loan spells for such as JKA, Nketiah, Harrison, White, etc
Did we end up paying JKA's transfer fee ?

Only major signings I can think of in that time frame were Costa & Meslier although think a few of the U'23's cost a bit of cash (Drameh, Gelhardt, Greenwood, etc)
Keep your face always toward the sunshine - and shadows will fall behind you.
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