Leeds United are experiencing their best season to date this year since returning to the Championship in 2009.
The Whites are currently second in the league standings and hold a two-point lead over Sheffield United who are their nearest challengers for automatic promotion to the top flight. Marcelo Bielsa’s arrival last summer has transformed the club’s fortunes, bringing an exciting brand of football to Elland Road.
With seven games left to play, Leeds find themselves in a great position in the race to finish in the top-two yet even if they somehow miss out this season, their supporters should not be excessively concerned about the news that the club has posted a loss of £4.3m in the previous financial year (Yorkshire Evening Post).
Indeed, it is not an ideal situation for the Whites to be in given their previous history but there are signs that owner Andrea Radrizzani is slowly shifting the tide after several turbulent years for the Yorkshire-based outfit.
When you consider that the costs only lead up to June 2018, it could easily deliver a false impression on Leeds’ current financial situation. According to Transfermarkt, the club has spent £10m on transfers this season but have also recuperated £6m in fees from the sale of Ronaldo Viera to Sampdoria and the loan of Caleb Ekuban to Trabzonspor. This level of expenditure indicates that Radrizzani is running the club in a cost-efficient manner which could pay off significantly if the club reaches the Premier League in May.
Promotion will bring a significant rise in TV revenue to Elland Road which should in theory rule out the recent losses in money that Leeds have suffered. One of the potential impacts of the release of this news could see the club decide to put even more focus on bringing their homegrown talents.
Jack Clarke, Jamie Shackleton and Bailey Peacock-Farrell have all been giving the chance to impress under Bielsa this season after impressing for the Whites’ youth sides. By creating a permanent situation where prospects are continuously coming through the ranks, Leeds will undoubtedly benefit financially over the coming years.
What do you think Whites supporters? Are you concerned about the losses that your club have posted for the previous financial year? Or did you expect it considering last season’s underwhelming performances? Let us know below.
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