Losses nearly quadruple at Leeds United
Leeds United Football Club has reported an increase in revenue last year, but nearly quadrupled pre-tax losses.
For the year to June 2016, Leeds United made £30.1m in revenues, up from £24.4m in 2015.
Losses widened from £2.3m to £8.9m for the year, prior to the sale of half the club by owner Massimo Cellino to Andrea Radrizzani in January.
The club says the main reason for this was that profits generated from player trading down by £7m to £2.8m. It has made major headway in cutting the player wage bill, which represent... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
