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 International Football News

-

Recent Leeds United Articles

LUFC Leeds United v Millwall Highlights

Highlights from the clash between Leeds United and Millwall on Saturday

LUFC Leeds United Fan View v Millwall

Vital Leeds United contributor Tiny T gives us his usual view of the game at Elland Road

LUFC O'Kane Disgusted With Himself For Red Card At Ipswich

Leeds United midfielder Eunan O`Kane has apologised for his red card at Ipswich Town last weekend admitting he is disgusted with himself for the incident.

LUFC Leeds Now Have Four Players Out Through Suspension

Leeds United now have four players suspended as ill-discipline continues to cause them on field problems

Leeds United Archived Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

Man of the Match v Millwall?
Suggested By:
Wiedwald10%
Berardi8%
Pennington1%
Jansson0%
De Bock4%
Vieira0%
Phillips4%
Hernandez4%
Roofe9%
Lasogga57%
Alioski3%
ScoopDragon Publishing Entire League Network of Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Leeds United Results (view all)

Leeds United Fixtures

Vital Members League Table

RankNamePoints
1.dazza71179
2.erni93
3.deslondon87
4.Tiny T80
5.King Billy43
6.SimonTVW41
7.bago25
8.Oyper23
9.ultraleeds20
10.Dublin White18
Vital Football Comment