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Matty Hewitt

Leeds United's significant loss amid record turnover explained as Whites told not to panic

Leeds United Whites Kieran Maguire Javi Gracia JeanKevin Augustin the Premier League Marcelo Bielsa Football EPL

Football finance expert Kieran Maguire has explained why Leeds United's lost £37million despite posting their highest ever financial turnover. The Whites posted a record turnover for their 2021-22 campaign, with £189million during their second season back in the Premier League.

That’s a rise of £18m from the previous year, with growths in merchandise sales, commercial revenue streams and ticket sales being credited, but the increase in wages, parting company with Marcelo Bielsa, fall in tv revenue the ongoing Jean-Kevin Augustin case meant the Whites ended the calendar year in a deficit.

Speaking on The Price of Football podcast, Maguire said: "Leeds have fantastic revenues and again, it's indicative of the potential of the club. Especially if Elland Road is expanded in due course.

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