Leeds United'a latest set of accounts have been published with an operating loss of £34m that is helped by the big sales of Raphinha and Kalvin Phillips in 2022
Player sales headlined by Kalvin Phillips and Raphinha’s exits have salvaged Leeds United’s operating loss in the club’s latest accounts. The document, which covers the club’s finances up to June 30, 2023, shows an operating loss of £105.9m that is taken down to £33.7m by sales amounting to £73.3m.
Overall turnover rose by £500,000 from £189.2m to £189.7m, chiefly due to ticket sales, which rose by 22 per cent across the relegation season from £24.6m to £29.9m. Income from television and broadcasting, merchandise and central distributions all fell marginally on their 2022 figures.
There is still a lot of money owed to clubs for transfers the Whites have completed in recent windows under Andrea Radrizzani. A fraction under £190m is owed in transfer instalments, with more than £73m due between June 2023 and June 2024.
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