Leeds United’s accounts have been published in late March or early April for the last seven years, and the forthcoming publication will provide some insight on their profitability and sustainability condition.
Football club accounts are dominating the current news cycle, with the fear of point deductions looming over those that violate financial fair play regulations. Leicester City, Leeds United’s nearest rivals, are the latest to be charged by the Premier League for alleged breaches.
Since relegation highlighted the inevitable financial impact of the drop, Elland Road has remained optimistic about United’s condition. The army of loan exits that removed pay from the books, as well as the costs incurred by Tyler Adams and Luis Sinisterra, helped to alleviate the strain.
Still, there is not much time to wait for financial clarification on United’s position. Their accounts have been filed with Companies House between March 30 and April 8 for the past seven years.
The record will provide a complete picture of what has come in and gone out of the club from now until June 30, 2023. It will not, therefore, capture this season’s finances, but it will serve as a yardstick for how things looked following relegation last summer.
It is understood that if Leeds fails to gain promotion back to the top flight in May, the club’s cloth will be reduced appropriately. Sales of significant assets would be expected to keep the Whites in compliance with the requirements.
Naturally, the club underwent a takeover the previous year. On June 9, Aser Ventures and 49ers Enterprises announced an agreement, with the latter assuming full ownership on July 17.
Documents filed with Companies House eventually dated the transfer of control away from Andrea Radrizzani to September 25.
