UK time is: 04:34:26
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 v Wolves - Over The Years (Friday October 24 2014)

LUFC Will Leeds slay the Wolves? (Friday October 24 2014)

LUFC On This Day - October 24th (Friday October 24 2014)

LUFC Leeds United v Wolves Team News (Thursday October 23 2014)

LUFC On This Day - October 23rd (Thursday October 23 2014)

LUFC Who should replace Doukara in attack? (Wednesday October 22 2014)

LUFC Cellino backs defender in race row (Wednesday October 22 2014)

Archived Leeds Articles

List All Vital Leeds Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. dazza71 366
2. deslondon 114
3. erni 82
4. SimonTVW 61
5. King Billy 60
6. Oyper 43
7. bago 36
8. Tiny T 32
9. ultraleeds 28
10. iwa 15

League Results (view all)

League Table (view table)

Team P W D L GD Pts
12. Brentford 13 5 4 4 -1 19
13. Sheff Wed 13 4 6 3 0 18
14. Rotherham 13 4 4 5 -3 16
15. Leeds Utd 13 4 4 5 -3 16
16. Huddersfield 13 4 4 5 -6 16
17. Reading 13 4 3 6 -8 15
18. Millwall 13 3 5 5 -3 14

Breaking League News

Grant Holt To Stay At Hudderfield For Rest Of Year
Wigan : 25/10/2014 00:15:00
Early Team News - Derby v Latics
Wigan : 25/10/2014 00:03:00
What The Bosses Say - Derby v Latics
Wigan : 24/10/2014 23:39:00
Millers v Seagulls Preview
Rotherham : 24/10/2014 20:05:00
LUFC Leeds v Wolves - Over The Years
Leeds Utd : 24/10/2014 20:00:00

Current Site Poll (view all polls)

How will Leeds do against Wolves?
Suggested By:  
Win 51%
Lose 16%
Draw 33%