Financial Report: Leeds lost £36 million in failed bid to reach the Premier League

8 April 2020

Photo: PA Images Having initially employed renowned coach Marcelo Bielsa on a one-year contract, the Argentinian was convinced to remain for another year in charge, which at this point in the current season looks to have paid off (the club lie first in the league). 

The club's turnover, however, stood at a record level for a Championship club not receiving parachute payments.

Wages rose by around £15 million, almost covering Leeds' entire revenue.

A number of undisclosed legal claims have been brought against the club.

Emil Gjerding Nielson

Leeds United lost £36 million last season in a failed bid to reach the Premier League, the club's just-released financial report has revealed, highlighting the fact that sustained investment doesn't necessarily bring sporting success in the world of football.

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