Leeds United posted losses of £21.4 million in Marcelo Bielsa’s first season, with the Sky Bet Championship club’s accounts showing wages rocketed during the 2018/19 campaign.
The Argentinian’s arrival heralded excitement and a renewed promotion push at Elland Road, but the club fell agonisingly short in the play-off semi-finals.
The coronavirus outbreak has seen this season suspended with table-topping Leeds on course for promotion, having built on the 2018/19 campaign.
United’s accounts for the year ending 30 June 2019 show turnover increased from £40.7m to £48.9m, with the average home attendance rising by 2,512 fans to 34,033.
Income streams increased across the board, but Leeds’ operating loss was £36.1m, with a loss for the financial year and total comprehensive income of £21.4m.
Wages were a huge contributing factor in that, with the accounts showing a steep rise from £31.4m in 2017/18 to £46.2m during 2018/19.
Last month, players, coaching staff and senior management at Leeds voluntarily deferred their wages to ensure the club’s 272 members of full-time and casual staff are paid in the coming months during the coronavirus pandemic.
PA
