Leeds accounts for 11 months to 30 June 2021 (13 months in 2020) show an operating profit of £5m. Loan interest of £21m was waived resulting in profit before tax of £26m.
Leeds finished season with £29m in the bank. Club has £209m of liabilities.
Leeds spent £63m cash on players in 2020/21. Share issue, presumably to SF49, generated £23m and club borrowed £63m and repaid £14m of loans.
Leeds income almost tripled in 20/21 to £171m, broadcast income main driver, 77% of total. Would have been substantially higher had covid not hit Matchday income so hard.
Amortisation (transfer fees over contract) up to £37m. Club had govt grants of over £1m, unclear if these are furlough monies or not. COVID costs estimated at £23m. Wages £108m for 11m compares to £78m for 13m. Ave weekly wage £55k a week.
Leeds highest paid director earnings £170k to £577k. Premier League broadcast rebate of £7m was somewhat confusingly charged to the previous season in the Championship
Leeds bought players (some on instalments) for £99m in 2020/21 and had sales of less than £2m
Leeds spent £5m on ground/property improvements in 2020/21. Club was owed £2.6m on instalments on player sales & owed other clubs £85m for players bought. Loans were £54m, including £20m due to related party, not sure if AR of 49’ers.
Leeds converted loans into shares during 2020/21. Bonuses of £35m payable when avoided relegation in that season and will be £48m if avoid relegation this season
Lender (AR?) waived loans of £21m in the year and £8m of loans converted into shares. No rent physically paid on Elland Road for first 33 months of the lease. Majority ownership of Leeds still with AR company in Singapore.
https://find-and-update.company-information.service.gov.uk/company/06233875/filing-history