Leeds United could pay up to £45million in bonuses and future instalments should they remain in the Premier League for the 2023/24 campaign after the Whites released their accounts from across the 2021/22 season.
The club have published their accounts from August 1, 2020 to 30 June, 2021 and August 1, 2021 to 30 June, 2022 respectively that saw the Whites record a turnover of £189m last summer. Despite the high levels of income, Leeds finished in the red with total losses of £151.5m.
Leeds took a financial hit with the settlement of Jean-Kevin Augustin - who only played three games for the Whites - costing them £15.5m. A total of £67m was also paid by the club in 'transfer instalments' (purchases of intangible assets) as matchday revenue rose from £2m to £24m following the lifting of lockdown restrictions that allowed fans back through the turnstiles.
