Leeds United faces a financial loss of £60.8 million for the 2023-24 season, an increase from last year's £33.7 million loss after Premier League relegation. Revenue has declined by 33% to £128 million, primarily due to reduced broadcast and commercial income. Despite these challenges, matchday income rose slightly to £30.5 million. Financial expert Kieran Maguire noted that Leeds generates strong ticket sales and commercial income compared to other clubs, suggesting fans remain supportive. Maguire anticipates further wage reductions and stresses that although debts are high, Leeds' financial outlook remains manageable compared to other teams.
Leeds United reported a £60.8m loss in the 2023-24 season, a significant increase from last year's loss, attributed to falling revenues and ongoing costs.
Despite a substantial loss, Leeds is generating higher matchday income in the Championship, showcasing the loyalty of their fanbase amidst financial challenges.
Leeds United's commercial income in the Championship surpasses that of many Premier League clubs, providing a silver lining to their current financial difficulties.
Football finance expert Kieran Maguire emphasized that while Leeds holds substantial debts, the situation isn't dire compared to other Premier League teams.
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