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 7
Stoke City lost £43 million from day to day trading in 2020/21 but were able to sell the stadium and training ground for £85m before the 1 July 2021 deadline when property sale profits were no longer allowed for FFP #MelMorrisLikesThis ImageImage
Sale of stadium meant that Stoke had over £90m in the bank at 31 May 2021. Total losses over the years were £181 million Image
As well as the property sale Stoke borrowed a further £25m in the year to boost their cash balance Image
Read 12 tweets
Apr 6
Bristol Rovers made a loss of £3.2m in 2020/21 but player sales reduced this to £1.6m, down from £2.5m the previous season
Bristol Rovers total losses over the years nearly total £27m. The club’s debts fell substantially after loans were converted into shares.
Bristol Rovers did not borrow any fresh funds in the year or repay loans via cash.
Read 9 tweets
Apr 6
Rotherham United income ⬆️ £2.5m in 2020/21 following promotion to EFL Championship. Club made a loss of £860k and had no player sales that reduced the loss.
Rotherham’s total historic losses £3.6m. The club ended the season with £1.8m in the bank, mainly due to taking out an interest free loan from the EFL which had not been fully used.
Main reason for ⬆️ in revenue was higher 📺 money as clubs in Championship get 80% of EFL deal compared to 12% in League One. Previous season Rotherham did receive parachute payments following relegation in 2019. Rotherham claimed furlough of £247k
Read 8 tweets
Apr 5
Project 92 Ltd, parent company of Salford City, lost £91,000 a week in 2020/21 Image
Project 92 has total losses of over £15 million since it was set up in 2015 and liabilities of over £19 million Image
Salford borrowed £3.8m in 2020 and a further £3.55m in 2021 from a shareholder, possibly Peter Lim, who owns 50% of the club. Club spent £4.3m more than it generated from day to day activities Image
Read 8 tweets
Mar 30
Fleetwood Town publish accounts for 2020/21. Revenue up despite a season BCD, club lost £54,000 a week in the season.
Fleetwood have lost over £23 million in total.
Fleetwood claimed £1.5m in furlough income over last two seasons
Read 7 tweets
Mar 30
Fulham publish 2020/21 accounts.
Revenue doubled to £116m but pre tax losses almost did the same going from £48m to £93m despite being in the Premier League #FFC
Fulham had £18m cash in the bank at end of season but total losses over made over the years were a drop my bacon sandwich £493,000,000
To fund the losses (and infrastructure spend) Fulham borrowed £151 million from its parent company in 2020/21 and a further £93m since the end of the season
Read 10 tweets

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