AliousLeeds United’s recent sale of Archie Gray to Tottenham Hotspur for £40m has sparked discussions about the club’s financial situation
Football finance expert Stefan Borson suggests that Leeds’ eagerness to include this transaction in their 2023/24 accounts indicates they may have been significantly behind in meeting Profitability and Sustainability (PSR) regulations.
Despite the transfer being finalized on July 2, it’s believed Leeds managed to backdate the deal to the 2023/24 accounting period by submitting appropriate documentation to the Premier League and English Football League.
This maneuver was likely aimed at ensuring compliance with financial rules for that fiscal year.
Borson commented on social media that while this approach could serve as a “near miss” mitigation, it would be considered a PSR breach if recorded in the 2024/25 fiscal year.
He speculates that the transfer was likely accounted for in 2023/24, avoiding a breach altogether.
However, he emphasizes that this strategy suggests Leeds was far from meeting PSR requirements.
The transfer window may see more departures from Leeds.
High-profile players like Crysencio Summerville, Wilfried Gnonto, and Georginio Rutter are attracting interest from Premier League clubs.
Leeds has already rejected a £30m offer for Rutter from Brighton and Hove Albion, while Summerville is reportedly sought after by Liverpool, Chelsea, Crystal Palace, and Brighton.
Would you like me to expand on any particular aspect of Leeds United’s financial situation or transfer activities?
Alious
