Leeds United’s accounts for 2016/17, for the year ending June 2017, have shown that the Whites operated at a general loss that was turned to a profit through player sales.

The headline figure shows that the club operated at a near-£1 million profit, with player sales over that financial year largely responsible for turning around a net loss of £8.9 million from the previous financial year.

These player sales, including the sale of Lewis Cook to Bournemouth, generated £8.9 million for the coffers at Elland Road – with Cook’s departure for around £6m providing most of this gained-back income.

Other positives to come out of the released accounts was that annual revenue rose by £4 million to £34.1 million. An increased average crowd at Elland Road of 5,250 per game, an increase of 23% from 22,448 to 27,698, was the major driver in the club’s total turnover. This increase in average crowd size added £2 million to gate receipts and helped to account for £10 million of gate receipts adding to the club’s total turnover.

At a glance – headline figures
  • the total club turnover rose by £4.0m to £34.1m driven [£10 million] mainly by increased attendances [average increase of 5,250]
  • Net profits of £1.0m were generated compared to net losses of £8.9m during the prior year
  • Profits caused chiefly by an increase in profits generated from player trading up by £6.1m to £8.9m
  • Transfer spend invested into the first team playing squad totalled £6.8m compared to £6.3m during the year prior
  • Average home league attendance in the season was 27,698, up by 5,250 from 22,448 the previous season
  • Technical Partnership with Kappa last year, retail income continued to grow with sales rising by £0.6m to £5.8m
  • An increased wage bill of £20m included around £16m spent on the salaries of first-team players, equating to 47 per cent of Leeds’ income
  • reduction in the long-standing debt owed to former club owner GFH, was slightly below £17m in the summer of 2016 – half of that sum, £8.475m repaid to GFH
  • remainder of GFH debt understood to be under legal evaluation
Further reading

Leeds United website article – Leeds United accounts 2016/17

Yorkshire Evening Post – Phil Hay article

About Author

Cynicism turned to optimism but without the woop woops and ringing bells. Leeds United supporter through thick and thin, more thin than anything recently. Write mainly about the Whites but turn my hand to other clubs. Lover of salted crisp sandwiches. Not a hipster.

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