The Whites are not expected to report a Profitability and Sustainability (PSR) breach in their latest accounts, which are due to be released over the coming weeks.
United made significant player sales throughout the 2023/24 accounting period which ended on June 30, 2024, including the departures of Tyler Adams and Luis Sinisterra, each for fees in the region of £20 million.
As is the norm with clubs dropping down from the Premier League, teams tend to report significant operating losses in their first year outside the top flight as sides acclimatise to a new normal where broadcast revenues are a fraction of what’s on offer a division above.
Here, the YEP reveals what can be expected from Leeds’ soon-to-be-released 2023/24 accounts.
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7. Player sales
Archie Gray's £40 million transfer to Tottenham Hotspur could, however, be reflected in Leeds' 2023/24 accounts due to the timing of the sale, which took place over the weekend of last year's accounting deadline. | Getty Images
8. Red Bull sponsorship
Leeds' lucrative partnership with Red Bull may also be reported in the 23/24 accounts as the deal was announced a month in advance of the accounting deadline. This commercial deal is another aspect which is likely to have helped Leeds' PSR position for 2023/24. | Getty Images
9. Matchday income increase
Leeds planned a 10 per cent increase in season ticket prices before relegation, which was subsequently refunded, meaning tickets remained at the same price as 2022/23. However, with eight more league fixtures at Elland Road and attendances among the highest in England as a percentage of total capacity, matchday revenue is expected to rise above £30 million for 2023/24. | Tony Johnson
10. Broadcast revenue to fall significantly
Championship clubs earn less than Premier League teams when it comes to broadcasting revenue. The £18m facility fees pot, spread between all clubs, and £3m equal share payment is a fraction of top flight TV income. | Getty Images
11. £50m in player sales guaranteed
While Archie Gray's sale may or may not be included in the 2023/24 accounts, there is expected to be around £50 million in player sales from the likes of Tyler Adams (£20m), Luis Sinisterra (£20m), Rodrigo, Tyler Roberts, Leo Hjelde and others who departed Elland Road permanently last season. | AFP via Getty Images
12. No PSR breach
Despite the tricky financial situation Leeds inherited from the pre-49ers regime, the club are not expected to have been in breach of Profitability and Sustainability during 2023/24. For this reason, Leeds' loss last season is expected to be reported at less than £40 million in order to come in below the maximum loss threshold of £105 million over three years. | Getty Images