Finance Expert Says Archie Gray Accounting Claim ‘Suggests Leeds Were Miles Short’ Of PSR Rules — Inside Futbol 3/7/24
JAKE DAVIES
Leeds United wanting to include the sale of Archie Gray in
their accounts for the 2023/24 period suggests they were miles short of meeting
PSR rules, football finance expert Stefan Borson feels.
The Whites recently sold Gray to Tottenham in a deal which
is claimed to be worth around the £40m mark to the club.
As 30th June deadline approached to cover the 23/24 PSR
period there were suggestions Leeds did not need to cash in to make sure they
stayed within the rules.
However, following the exit of Gray, it has been suggested
that Leeds can and will backdate the sale of Gray to include it in the 23/24
accounts.
Football finance expert Borson has weighed in with his view
and believes that looking at the situation either way, with it being included
in the 23/24 accounts or used as mitigation, it suggests Leeds were
substantially short of being where they needed to be.
Borson wrote on X: “Whilst this would probably be “near
miss” mitigation, it would also be assessed as a breach of PSR if in FY24/25.
“I would think the transfer was actually accounted for in
the FY23/24 and therefore not a breach at all.
“Either way, suggests Leeds were miles short.”
