UK time is: 05:01:56
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Leeds' Financial Problems

Despite losing the play-off final to Watford, which is said to cost Leeds 30m, should be better off next season despite failing to win promotion.

Despite failing to win promotion to the Premiership and losing their 6million 'parachute payment', they will finally have finished paying off former players such as Robbie Fowler and Robbie Keane.

The club have been paying off contracts to eight players who signed deals when Leeds were flying high in the Premiership and most of those come to an end next month.

Leeds' turnover in the year ending 2005 was 31million and though that will drop due to the ending of the parachute payment - which only lasts for two years after relegation from the top flight - the wage bill is expected to fall from 17million to less than 10million.

Current players such as Gary Kelly and Eirik Bakke still have a year left on lucrative contracts worth an estimated 1.25million each, but the payments to Fowler, Keane, Michael Duberry and several others will finish at the end of June.

Leeds' wage bill should then be brought down to well below 10million - still high though in comparison to Watford's 3.5million annual wage total.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The Journalist

Writer:  Mail feedback, articles or suggestions

Date:Monday May 22 2006

Time: 3:23PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Leeds Articles

LUFC Leeds Fan View v Watford (Sunday March 1 2015)

Stats: Leeds United v Watford (Sunday March 1 2015)

Leeds throw away two-goal lead (Sunday March 1 2015)

LUFC On This Day - March 1st (Sunday March 1 2015)

Half Time: Leeds United 2-1 Watford (Saturday February 28 2015)

LUFC Bamba to sting the hornets? (Saturday February 28 2015)

Archived Leeds Articles

List All Vital Leeds Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

1. dazza71 35
2. Tiny T 16
3. King Billy 11
4. deslondon 7
5. SimonTVW 6
6. Oyper 6
7. erni 6
8. thefallengiants 4
9. pete mc 2
10. bago 1

League Table (view table)

Team P W D L GD Pts
13. Birmingham 34 10 12 12 -11 42
14. Huddersfield 34 11 9 14 -12 42
15. Cardiff 34 10 11 13 -6 41
16. Leeds Utd 34 11 8 15 -9 41
17. Bolton 34 11 7 16 -11 40
18. Reading 34 11 7 16 -16 40
19. Fulham 34 11 6 17 -12 39

Breaking League News

What The Bosses Said - Blackpool 1 Latics 3
Wigan : 01/03/2015 23:32:00
Slav Calls On Fans
Watford : 01/03/2015 20:25:00
McClaren Disappointed With Fulham Performance
Derby County : 01/03/2015 20:24:00
Emotional amp; Embarrassing Return For Powell
Charlton : 01/03/2015 20:07:00
Luzon - Huddersfield Performance Was The Standard
Charlton : 01/03/2015 20:01:00

Current Site Poll (view all polls)

Man of the match v Watford?
Suggested By:  
Silvestri 5%
Wootton 2%
Bamba 8%
Cooper 0%
Taylor 17%
Austin 29%
Murphy 10%
Cook 2%
Mowatt 0%
Sharp 23%
Byram 4%