Vital Football

Latest Leeds United News

Leeds' Financial Problems

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.


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

Writer:
Date:Monday May 22 2006
Time: 3:23PM

Login to post a comment

Best of Vital Network

Recent Leeds United Articles

LUFC Chris Wood Wins Award Double

Leeds United striker Chris Wood was the big winner at the end of season awards dinner on Saturday night

LUFC Leeds United Fan View v Norwich City

Vital Leeds United contributor Tiny T made what now looks like being his final visit to Elland Road this season for the final home game of the season against Norwich City

Bartley Would Welcome Return But Only If Monk Is In Charge

Leeds United defender Kyle Bartley says he would welcome a return to the club but he feels it wouldn`t be the place for him if they do not keep Garry Monk as the head coach

LUFC Monk Still Unclear What Future Holds For Him At Leeds

Leeds United head coach Garry Monk says he has to respect the clubs wishes to leave it until the end of the season before sitting down and discussing his future at the club

Archived Vital Leeds Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

Man of the Match v Norwich?
Suggested By:
Green7%
Ayling0%
Bartley2%
Jansson2%
Berardi55%
O'Kane22%
Vieira0%
Hernandez0%
Wood5%
Dallas5%
Roofe2%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
P Brighton 45 28 8 9 92 34
P Newcastle 45 28 7 10 91 42
3 Reading 45 25 7 13 82 2
4 Sheff Wed 45 24 9 12 81 16
5 Huddersfield 45 25 6 14 81 1
6 Fulham 45 21 14 10 77 27
7 Leeds Utd 45 22 8 15 74 14
8 Norwich 45 19 10 16 67 12
9 Derby County 45 18 12 15 66 4
10 Brentford 45 18 10 17 64 12
11 Preston 45 16 14 15 62 2
12 Aston Villa 45 16 13 16 61 -1
13 Cardiff 45 16 11 18 59 -4
14 Barnsley 45 15 13 17 58 0
15 Wolves 45 15 10 20 55 -5
16 Ipswich 45 13 16 16 55 -7
17 Bristol City 45 15 9 21 54 -5
18 Q.P.R. 45 15 8 22 53 -10
19 Burton 45 13 13 19 52 -12
20 Birmingham 45 12 14 19 50 -20
21 Forest 45 13 9 23 48 -13
22 Blackburn 45 11 15 19 48 -14
R Wigan 45 10 11 24 41 -17
R Rotherham 45 5 7 33 22 -58
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Leeds United Results (view all)

Leeds United Fixtures (view all)

May 7 2017 12:00PM : Wigan Athletic (a)
Sky Bet Championship
Write for Vital Football