Kieran Maguire Profile picture
Apr 7, 2022 17 tweets 7 min read Read on X
Leeds accounts for 11 months to 30 June 2021 (13 months in 2020) show an operating profit of £5m. Loan interest of £21m was waived resulting in profit before tax of £26m #LUFC
Leeds finished season with £29m in the bank. Club has £209m of liabilities.
Leeds spent £63m cash on players in 2020/21. Share issue, presumably to SF49, generated £23m and club borrowed £63m and repaid £14m of loans
Leeds income almost tripled in 20/21 to £171m, broadcast income main driver, 77% of total. Would have been substantially higher had covid not hit Matchday income so hard
Amortisation (transfer fees over contract) up to £37m. Club had govt grants of over £1m, unclear if these are furlough monies or not. COVID costs estimated at £23m. Wages £108m for 11m compares to £78m for 13m. Ave weekly wage £55k a week
Leeds highest paid director earnings ⬆️ £170k to £577k. Premier League broadcast rebate of £7m was somewhat confusingly charged to the previous season in the Championship
Leeds bought players (some on instalments) for £99m in 2020/21 and had sales of less than £2m
Leeds spent £5m on ground/property improvements in 2020/21. Club was owed £2.6m on instalments on player sales & owed other clubs £85m for players bought. Loans were £54m, including £20m due to related party, not sure if AR of 49’ers.
Leeds converted loans into shares during 2020/21. Bonuses of £35m payable when avoided relegation in that season and will be £48m if avoid relegation this season
Lender (AR?) waived loans of £21m in the year and £8m of loans converted into shares. No rent physically paid on Elland Road for first 33 months of the lease. Majority ownership of Leeds still with AR company in Singapore.
Spreadsheet of figures for last decade
Leeds income in 1st season back in PL puts it between Villa and Southampton, although remember Leeds accounts only cover 11 months.
Broadcast income lower than would expect for a club finishing 9th but many other clubs have 44 PL matches included in their figures in the period 1 July 2020 to 30 June 2021 due to covid lockdown.
Leeds commercial income for 11 months already puts it half way up Premier League totals despite only one Covid impacted season in the division.
Leeds wage bill second lowest in PL but only covers 11 months, would have been £118m on annualised basis. Expect to rise again if avoid relegation due to new signings and contracts. Wages 63% of income well within UEFA guidelines.
Leeds underlying profits (adjusting for one off non-recurring items) of £7m mean it was only one of two clubs to make a profit in 2020/21...both from Yorkshire
Leeds player signings significantly higher than most clubs historically in first season in PL. Squad cost was 2nd lowest in PL at end of season.

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More from @KieranMaguire

Apr 13
Chelsea FC Holdings submit 22/23 accounts. 🔑 figs
⚽️Revenue £512m ⬆️ 6%
⚽️Wages £404m ⬆️ 18%
⚽️Player costs (wages & amortisation) £119 for every £100 of revenue
⚽️Day to day losses £249m
⚽️Player purchases £745m
⚽️Player sales £203m
⚽️Borrowings in year £428m
Losses ⬆️ from £242m to £249m for day to day running of club but sale of hotel to another part of group, £30m of financial settlements & player sales ⬇️ this to £90m Image
Chelsea have cash in bank, total losses adding all the years together now £1.135 billion Image
Read 11 tweets
Apr 9
Blackburn submit 2023 accounts 🔑 figs
⚽️Revenue £21m ⬆️ 26%
⚽️Wages £26m ⬆️ 6%
⚽️Operating loss £21m ⬇️3%
⚽️Player purchases £4.8m
⚽️Player sales £0.35m
⚽️Borrowings £141m
Whilst #Rovers 🔑 revenue streams, matchday, broadcast & commercial all ⬆️ significantly. However general overheads ⬆️ too which meant no change to op losses. Sale of Armstrong in 21/22 halved losses
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Both accounts & audit report reference that there is a material uncertainty over ability of club to trade as a going concern. Should no noted that audit report dated December 2023 & things may have improved since then
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Read 10 tweets
Apr 2
Burnley publish 22/23 accounts; 🔑 figs
Revenue £65m ⬇️ 47%
Wages £54m ⬇️ 42%
Loss pre player sales £41m
Player purchases £84m
Player sales £21m
Borrowings £101m
Big change in pre tax profit of £36m in 21/22 to a loss of £36m in 22/23. Mainly due to ⬇️ in revenue following relegation and player sale profits ⬇️ from £54m to £11m. Image
Burnley still have substantial cash but this due to the Club borrowing substantial amounts during the year as liabilities ⬆️. Burnley still profitable over the years. Image
Read 11 tweets
Apr 2
Leicester announce 22/23 accounts for 13 months to 30 June. 🔑 figs
Revenue £177m ⬇️ 17%
Wages £206m ⬆️ 13%
Loss pre player sales £152m ⬆️ 91%
Player sale profits £75m
Player purchases £53m
Player sales £104m
Extending financial year from 31 May to 30 June allowed Leicester to squeeze in sales of Maddison but pre tax loss (start point for PSR) still £90m. Image
Leicester total losses over the years now £295m. Liabilities ⬇️ after owner converted loans into shares. Image
Read 8 tweets
Mar 31
Everton publish 22/23 accounts: 🔑 figs
Revenue £172m ⬇️ 5%
Wages £159m ⬇️ 2%
Amortisation £77m ⬆️ 23%
Manager/coaching payoff £7m
Executive payoff £2.5m
Loss pre player sales £130m
Pre tax loss £89m
Player signings £91m
Player sales £61m
Borrowings £341m
Losses ⬆️ due to no longer having Usmanov sponsor deals, wage ⬇️ modest & interest costs doubling Image
Cash balance down as club dealing with significant monthly demands in terms of meeting payroll and new stadium costs. Total losses over the years now £550m Image
Read 12 tweets
Feb 2
Stoke City financial summary. 🔑figures
⚽️Income £31m (no change)
🎟️Matchday £5m (⬇️10%)
⚽️ Wages £30m (⬇️19%)
⚽️ Operating losses £27m (⬇️7%)
⚽️ Player sales £16m
⚽️ Player purchases £3m
⚽️ Squad cost £20m (⬇️71m) Image
Total income static, but about a quarter of when Stoke were in PL. Stoke earned more than any other non-parachute payment club, mainly due to lucrative sponsor/commercial deals. Champ figs 21/22 unless says otherwise
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Ticket sale income ⬇️10% despite crowds staying reasonably static at 20k. Lowest for a non-covid season for over a decade.
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Read 11 tweets

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