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

Best of Vital Network

Vital Boxing - Conor Benn Wins on Points

Login to post a comment

Recent Leeds Articles

LUFC On This Day - September 26th

A look back at what has happened on September 26th in the history of Leeds United.

LUFC Leeds United Loan Watch - September 19th - 25th

Leeds United have six players out on loan at the moment and Vital Leeds is once again look at how the players are doing on their travels.

LUFC Leeds United v Ipswich Town Highlights

Highlights from the clash between Leeds United and Ipswich Town on Saturday

LUFC Leeds United Fan View v Ipswich Town

Vital Leeds United contributor Tiny T gives his usual fan view from the game at Elland Road

Archived Vital Leeds Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

Man of the match v Ipswich?
Suggested By:
Green5%
Ayling1%
Bartley5%
Jansson19%
Taylor1%
O'Kane5%
Phillips5%
Hernandez4%
Wood52%
Sacko2%
Dallas1%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Norwich 9 6 2 1 20 6
2 Huddersfield 9 6 1 2 19 4
3 Brighton 9 5 2 2 17 6
4 Reading 9 5 2 2 17 0
5 Newcastle 9 5 1 3 16 10
6 Birmingham 9 4 4 1 16 4
7 Barnsley 9 5 0 4 15 6
8 Wolves 9 4 3 2 15 3
9 Brentford 9 4 2 3 14 6
10 Bristol City 9 4 2 3 14 5
11 Sheff Wed 9 4 2 3 14 -1
12 Leeds Utd 9 4 1 4 13 -1
13 Fulham 9 3 4 2 13 -2
14 Ipswich 9 3 3 3 12 0
15 Forest 9 3 2 4 11 -2
16 Q.P.R. 9 3 2 4 11 -4
17 Aston Villa 9 1 6 2 9 0
18 Burton 9 2 3 4 9 -2
19 Preston 9 3 0 6 9 -4
20 Blackburn 9 2 2 5 8 -6
21 Cardiff 9 2 2 5 8 -7
22 Derby County 9 1 3 5 6 -6
23 Rotherham 9 1 3 5 6 -12
24 Wigan 9 1 2 6 5 -3
Latest F1 News
Latest Vital Boxing News

Recent Leeds Results (view all)

Leeds Fixtures (view all)

Sep 27 2016 7:45PM : Bristol City (a)
Sky Bet Championship
Oct 1 2016 3:00PM : Barnsley (H)
Sky Bet Championship
Oct 15 2016 3:00PM : Derby County (a)
Sky Bet Championship
Oct 18 2016 7:45PM : Wigan Athletic (H)
Sky Bet Championship
Oct 22 2016 3:00PM : Wolverhampton Wanderers (a)
Sky Bet Championship
Oct 25 2016 7:45PM : Norwich City (H)
Capital One Cup

Vital Members League Table

RankNamePoints
1.dazza71163
2.deslondon81
3.Tiny T71
4.SimonTVW34
5.King Billy32
6.8ballali29
7.ultraleeds25
8.Oyper21
9.erni15
10.bago13