---
title: "Leeds United: Kieran Maguire impressed by financial accounts"
canonical: "https://www.footballtransfertavern.com/leeds-united-kieran-maguire-impressed-by-financial-accounts/"
type: "post"
language: "en-GB"
author: "Charlie Smith"
section: "Leeds United News"
published: "2022-04-10T18:40:48Z"
modified: "2022-04-10T18:40:48Z"
---

# Leeds United: Kieran Maguire impressed by financial accounts

**Financial expert Kieran Maguire has hailed Leeds United after they shared their 2020/21 accounts, [Football Insider](https://www.footballinsider247.com/leeds-united-saluted-by-maguire-after-outstanding-25m-reveal/) report.**

### The Lowdown: Profit

The Whites, owned by Andrea Radrizzani and the San Francisco 49ers, announced a profit of [£26m](https://theathletic.com/news/leeds-post-pre-tax-profit-of-26m-for-2020-21-campaign/k70VT2VDRGcQ/) for the 2020/21 campaign in the week, in what was their first season back in the Premier League after 16 years.

[![Latest Leeds United news!](https://cdn.footballtransfertavern.com/wp-content/uploads/2022/04/cropped-2022-04-02T155252Z_391313781_UP1EI421841M9_RTRMADP_3_SOCCER-ENGLAND-LEE-SOU-REPORT.jpg)](https://www.footballtransfertavern.com/web-stories/latest-leeds-united-news-41/)

Leeds, who made a loss of [£62m](https://twitter.com/PhilHay_/status/1511948219525341188) in their Championship winning season, posted a turnover of [£171m](https://twitter.com/PhilHay_/status/1511948219525341188) this time around, which was helped by new partnerships with Adidas and shirt sponsor SBOTOP.

The club also brought in just over £20m in merchandise sales, with £15m coming in from other commercial sources. \[[FI](https://www.footballinsider247.com/leeds-united-saluted-by-maguire-after-outstanding-25m-reveal/)\]

### The Latest: Maguire reacts

Maguire, who contributes for [Sky Sports](https://twitter.com/SkySportsNews/status/1504728711551148047), was talking to [FI](https://www.footballinsider247.com/leeds-united-saluted-by-maguire-after-outstanding-25m-reveal/) regarding Leeds’ annual numbers.

He labelled them as ‘very encouraging’ and pinpointed the club’s merchandise sales, describing them as ‘outstanding’.

\[freshpress-poll id=”392511″\]

> “These are very encouraging figures.
>
> “They had no matchday income or catering income, which together I would expect to be the thick end of £25m.
>
> “When they get matchday income back, it gives them the opportunity to grow. Commercial revenue will only grow as well.
>
> “For me, the outstanding figure was merchandise. To sell £20m worth of merchandise during Covid is indicative of the strength of the fanbase.”

### The Verdict: Premier League status crucial

The two contrasting accounts just go to show how crucial Premier League football is to the club, with the Whites recording just their [second profit in ten years](https://theathletic.com/news/leeds-post-pre-tax-profit-of-26m-for-2020-21-campaign/k70VT2VDRGcQ/).

And Leeds took a big step towards ensuring a third season in the division by beating Watford on Saturday.

Another year in the Premier League, along with a possible big-money move to Barcelona for [Raphinha](https://www.footballtransfertavern.com/leeds-united-news/leeds-barcelona-begin-talks-for-raphinha/), could allow the Whites to back Jesse Marsch in his first transfer window at Elland Road, but there is still work to be done on the pitch before the club can think about any eye-catching signings.

***In other news: [‘Strong’ Leeds defender out for weeks as worrying news emerges from Thorp Arch.](https://www.footballtransfertavern.com/leeds-united-news/leeds-united-junior-firpo-out-for-two-more-weeks/)***