UK time is: 23:15:51
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

Your Comments

I lot of clubs have learnt the hard way no more so than Leeds reference players over inflated wages. 10 million in wages per year is still far too much but at least the figure is coming down slowly.
tis_red
spot on
green giant 12
Leeds have been living as apremership club since they came down.
miked_joker
All the best leeds, we love ya
Leeds.til.i.die
had money problems for years like us
carlton owl
Good to see that you've got the problem under control, and one would presume that if/when you get back up, the same mistakes won't be mae again.
FEn_100
 

Have Your Say

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

Recent Leeds Articles

LUFC Doukara to tease the terriers? (Saturday September 20 2014)

LUFC On This Day - September 20th (Saturday September 20 2014)

LUFC Clarke's heart not in Leeds job (Saturday September 20 2014)

LUFC Released keeper joins Trotters (Friday September 19 2014)

LUFC Premier League Ref In Charge (Friday September 19 2014)

LUFC On This Day - September 19th (Friday September 19 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 320
2. deslondon 253
3. King Billy 118
4. Tiny T 110
5. erni 108
6. bago 69
7. leeds1975 53
8. SimonTVW 41
9. 1972Glory 15
10. Dublin White 15

League Results (view all)

League Table (view table)

Team P W D L GD Pts
8. Derby County 8 3 4 1 5 13
9. Blackburn 8 4 1 3 0 13
10. Reading 8 4 1 3 0 13
11. Leeds Utd 8 4 1 3 0 13
12. Ipswich 7 3 2 2 3 11
13. Millwall 8 3 2 3 0 11
14. Brentford 8 3 2 3 -4 11

Breaking League News

Fans sent home happy - Karanka
Middlesbrough : 20/09/2014 21:10:00
Brighton 0 Blackpool 0 (Report)
Brighton : 20/09/2014 20:08:00
Bolton : 20/09/2014 20:00:00
Jerome To The Rescue
Norwich : 20/09/2014 19:53:00
RUFC - Evans Explains Decision To Change 'Keeper
Rotherham : 20/09/2014 19:45:00

Current Site Poll (view all polls)

How do you think Leeds will do against Huddersfield?
Suggested By:  
Win 80%
Lose 8%
Draw 12%