Leeds United club chief Angus Kinnear recently informed the Supporter Advisory Board that, even with the sales of players like Archie Gray and Georginio Rutter, Daniel Farke’s team is still operating close to the Championship’s financial fair play limits.
Whether or not Leeds United is near breaching profit and sustainability regulations won’t matter much if Farke’s team secures promotion to the Premier League this season.
Leicester City has demonstrated there are ways around penalties like point deductions, transfer embargoes, or other sanctions, so fans shouldn’t be too worried following Kinnear’s latest update.
What’s the latest on Leeds United’s finances?
Leeds United supporters have no reason to worry about Kinnear’s recent profit and sustainability update at Elland Road, says football finance expert Dan Plumley via MOT Leeds News. He said that despite concerns over the £39 million cumulative loss rule in the Championship, there are no “major concerns” for Leeds.
So what does this mean? It means Leeds are safe from any punishments or even any cases being raised unlike what befell the side who won the Championship last year: Leicester City.
Despite concerns over Leeds United’s finances, reports indicate that it’s the 49ers who are prepared to fund the £5M move for the speedy talent, who’s following a similar path to Manchester City’s Erling Haaland.
Red Bull, through its partnership with the Whites, supports the transfer, which would strengthen Leeds United’s attacking options as they aim for promotion. It will be interesting to see how the Whites navigate this January window to see if there’s room for big-time moves for the second half of the Championship season.
