Date:Monday May 22 2006
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.
LUFC White set to miss start of season (Monday July 28 2014)
Benedicic close whilst Viviani is still in talks (Monday July 28 2014)
LUFC On This Day - July 28th (Monday July 28 2014)
LUFC Leeds Summer Transfer Rumours - Week Twelve (Sunday July 27 2014)
LUFC Hockaday - Players put in an honest shift (Sunday July 27 2014)
LUFC Hockaday not happy with defending (Sunday July 27 2014)
LUFC Leeds Fans View v Chesterfield (Sunday July 27 2014)
LUFC Austin at the double for Leeds in draw (Sunday July 27 2014)
LUFC On This Day - July 27th (Sunday July 27 2014)
LUFC Strongest side to start at Chesterfield (Saturday July 26 2014)
|15. Leeds Utd||0||0||0||0||0||0|
|Brentford Turn Down Latics Bid For Forshaw
» Wigan : 28/07/2014 20:50:00
|Clarke Returns to Familiar Settings
» Huddersfield : 28/07/2014 20:31:00
|LUFC White set to miss start of season
» Leeds Utd : 28/07/2014 20:30:00
|Benedicic close whilst Viviani is still in talks
» Leeds Utd : 28/07/2014 20:11:00
|Jo Inge Berget Signs For Celtic
» Cardiff : 28/07/2014 19:59:00