Leeds United are just days away from discovering their financial condition with FFP, amid concerns that last season’s relegation will place a financial pressure on the club, according to Leeds Live.
According to an online source [24 March], the club’s finances have been filed with Companies House between March 30 and April 8 for the last seven years, implying that the Whites could be informed of their destiny within the next week.
It is reported that “noises” from Elland Road have stayed optimistic about Leeds’ FFP predicament, despite being demoted to the Championship with some players earning exorbitant contracts.
“The document will give a full picture of what’s gone in and out of the club for the period up to June 30, 2023,” said Cross.
“It won’t, therefore, document this season’s finances, but at least provides a benchmark for how things were looking coming out of relegation last summer.”
Leeds United will dodge punishment, unlike Leicester City.
Leicester City are currently in a tricky situation after being charged with violating Profit and Sustainability regulations, which the Foxes, naturally, deny.
Leeds, on the other hand, were fast to shed their highest-paid players over the summer, placing themselves in a considerably better position than their Championship promotion opponents.
Robin Koch, Diego Llorente, Brendan Aaronson, Rasmus Kristensen, Marc Roca, Maximilian Wober, Tyler Adams, and Luis Sinisterra all left Elland Road during the summer transfer window, with the last two making permanent moves later.
This has definitely benefited Leeds, with Daniel Farke nearly completing an unbelievable feat by securing Premier League promotion with the current club, which has surpassed Leicester at the top of the table.
