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Leeds run a tight ship

Leeds results show the club has by far the biggest income in the EFL Championship if parachute payments are excluded. The distorting impact of parachute payments highlighted by Leeds falling from first to fifth in the income table if Premier League handouts taken into consideration. Turnover was up from £34.1m to £40.7m.

The main reason for Leeds high revenue is commercial income which is the highest in the Championship and also higher than half the clubs in the Premier League too. Catering revenues were relatively high at £5.2m, up from £3.9m.

Gate receipts accounted for 28 per cent of revenue at £11.2m. Other commercial revenue accounted to £9.9m. Distributions from the Premier League and Football League brought in £6.8m.

Leeds lost just under £20 million from operations in 2017/18 but profits on player sales substantially reduced this to £4.3m compared with a profit of just under £1m the previous year. Leeds spent £28 million on players in 2017/18 but also had substantial sales. These were up from £8.9m to £18.1m, due to the sale of Chris Wood to Burnley in August 2017. The club runs a tight ship and net spend over last six seasons was just £6.5m.

Leeds wages were up 51% but the club still only paying £77 in wages for every £100 of income, below the £101 average for the Championship. Leeds wage bill was £9.3m less than income, but in the Championship overall income was £639m and wages £684m.

Leeds had the second highest average attendance in the Football League at 31,521 and the highest season ticket sales for 15 years reaching 20,000.

Leeds funded mainly in 2017/18 by an £11 million share issue, as well as borrowing a couple of million on top from owners and third parties.

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