Leeds United Profitability and Sustainability position update as 49ers chief gets his wish — YEP 11/10/24

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By Graham Smyth

Leeds United are close to the Championship's Profitability and Sustainability limit but do not expect to be put under any embargoes, according to CEO Angus Kinnear.

Club chairman Paraag Marathe has said previously that he wants Leeds to be right up against it in terms of P&S because it is an indicator of how competitive the club are trying to be within the rules.

Speaking after last season's play-off final defeat by Southampton he insisted the Whites would do whatever they needed to do to remain compliant with P&S but appeared to welcome that particular issue. "Honestly, my hope is that we're always going to be dealing with some P&S complications because we're always going to be fielding a team as legally competitive as we can," he said. "Whether we're in the Championship or the Premier League, we're going to be going full tilt to make us as competitive as we can be so wherever we are, it's going to be complicated." Marathe will meet next week with the Leeds United Supporters Trust and Supporters Advisory Board to discuss current affairs at Elland Road.

The minutes of the SAB's recent meeting with CEO Kinnear have just been published and reveal an update with regards to the club's P&S position which suggests Marathe has got his wish. Leeds, according to Kinnear, are close to the limit but his suggestion is that they are not so close that the EFL will feel the need to step in. Leeds helped alleviate their financial situation when they sold Archie Gray [£40m], Crysencio Summerville [£28m] and Georginio Rutter [£40m] in the summer transfer window, along with the likes of Glen Kamara [£8m] and Charlie Cresswell [£3.8m].

The minutes say: "AK [Angus Kinnear] begins with a football update. AK explains that it is difficult to communicate going into, and during, a transfer window regarding incomings and outgoings. Club were able to retain certain players other Championship clubs wouldn’t have been able to, including Wilfried Gnonto, Ethan Ampadu, Pascal Struijk and Illan Meslier.

"Club is still close to PSR limits. The values brought in for the players sold were high. On PSR, AK states that in the EFL, if clubs aren’t on track to meet requirements they can be put under embargoes and sanctioned. Club don’t expect any issues."

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