Thread by @KieranMaguire

Leeds United lost £36 million in 2018/19 despite record revenues for an EFL club not in receipt of parachute payments. Player sale profits ⬇️ this ny £15m #LUFC #MOT

Leeds have made total losses of £58 million over the years #LUFC #MOT

Leeds losses were underwritten by a net £12m of borrowing, mainly from the owners. #LUFC

All Leeds’ income streams ⬆️. 20% of total comes from merchandising and a quarter from ticket sales #LUFC

Leeds paid £96 in wages for every £100 of income. Highest paid director had a 44% pay ⬆️

Leeds paid over £2.2m in rent (operating leases) in 2018/19, West Ham pay £3m at the London Stadium.

Player trading for Leeds 2018/19: Purchases £16m sales £16m #LUFC #MOT

Leeds were owed over £16m by other clubs for transfer fees at 30 June 2019. Seems to be some doubt over £2m due from another party. #LUFC

Leeds have total creditors of £81m. £12m of this is ST sales in advance & sponsor payments that in theory are part repayable if season written off due to #COVID19. £25m owed to AR in loans & £14m in transfer fee instalments.

Leeds May have to pay £20m bonuses if promoted to PL. reference made to ‘a number of legal claims’ against the club which are not quantified #LUFC

Leeds were due to repay two loans to owner August 2018. After failure to do so interest rate on about £7m of loans increased from 4% to 6% above base rate. Other loans of £17m at 2%. Total interest cost 2018/19 £2m