Leeds United are currently navigating treacherous financial waters after the Yorkshire side failed to bounce back up to the Premier League.
The club owes a staggering £190 million in transfer debts accumulated during Andrea Radrizzani’s tenure and have recently reported a £33.7 million loss, despite significant player sales.
This financial strain is compounded by their latest defeat at Wembley in the Championship play-off final against Southampton, marking their third consecutive loss in finals and a sixth unsuccessful play-off campaign.
Daniel Farke’s team were narrowly beaten 1-0 by Southampton in the Championship play-off final, courtesy of Adam Armstrong’s first-half goal. The defeat means Leeds United will spend a second successive season in the Championship, a significant blow given their ambitions to return to the Premier League.
Ilia Gruev, Jaidon Anthony and Wilfried Gnonto of Leeds United look dejected following defeat to Southampton during the Sky Bet Championship Play Final match between Leeds United and Southampton at Wembley Stadium on May 26, 2024
Leeds United will be under serious profit and sustainability pressures
The financial ramifications of missing out on promotion are severe. Leeds fans are now bracing for the likely departure of key talents such as Crysencio Summerville and Wilfried Gnonto. Chairman Paraag Marathe has acknowledged the possibility of player sales, stating that while the club has the necessary funds, they will need to make sales to comply with profit and sustainability rules.
The likelihood of losing pivotal players is a major concern for Leeds. Summerville and Gnonto are expected to attract significant interest from other clubs, making their retention difficult. Even young talents like Archie Gray and Georginio Rutter are not guaranteed to stay, despite the club’s efforts to hold onto them.
Marathe’s comments to BBC Radio Leeds underline the precarious situation: “We have the funds we need to do what we need, but…
Source link : https://www.caughtoffside.com/2024/05/29/leeds-united-summerville-gnonto-gray/
Author : Jake Staniland
Publish date : 2024-05-29 21:46:09
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