Leeds United's average weekly pay and highest director salary revealed as largest wage bill claim clarified — YEP 2/4/25

-

By Joe Donnohue

Leeds United's average weekly wage during the 2023/24 season has been revealed with the release of the club's most recent set of accounts.

Leeds' financial results for the year ending June 30, 2024 revealed the club made a pre-tax loss of £60.8 million during their first season back in the Championship.

United were relegated to the second tier at the end of the 2022/23 campaign, which resulted in a mass exodus of players, many of whom had relegation release clauses permitting them to go on loan for the duration of 2023/24.

As a result of wage reduction clauses in players' contracts, sales and the aforementioned loanee exodus, Leeds trimmed their wage bill by £61.9 million, down to £84 million from £145.9 million the season prior.

Despite the cost-saving, Leeds' wage bill remained one of the highest in the Championship last season with many speculating it was the highest.

This has been proven not to be the case, however, after eventual champions Leicester City also released their 2023/24 accounts this week.

The Foxes' wage bill was almost halved following relegation but still stood at £107 million for the 2023/24 season, some £23 million higher than Leeds'.

United's average weekly wage was approximately £42,500 last season, down from £74,000 in 2022/23. Leicester's, on the other hand, was £51,500, almost £10,000 more than Leeds' average earnings.

Elsewhere, Leeds' accounts disclosed the highest-earning director salary for the 2023/24 campaign, which was £401,000 per annum. Leicester's highest paid director, meanwhile, earned £251,000.

Popular posts from this blog

The huge initial fee Leeds are set to receive for Crysencio Summerville’s move to West Ham — Leeds United News 31/7/24

-
Will Butcher West Ham United are closing in on a deal to sign Crysencio Summerville from Leeds United, and Ben Jacobs has shared how much Leeds will receive for the Dutchman. The 22-year-old has been strongly linked with the Elland Road exit door all summer and was targeted as the one big sale Leeds needed to make before the Profit & Sustainability Rules deadline this month. But instead, Leeds sold Archie Gray for £40m to Tottenham. Leeds have since sold five more players in the form of Diego Llorente, Marc Roca, Kris Klaesson and Charlie Cresswell – raking in around £60m in total. But more exits were always likely and Fabrizio Romano reported on Wednesday afternoon that West Ham had agreed personal terms with Summerville, and talks for a fee were ongoing with the Yorkshire side. Now, the story has moved on with multiple sources claiming a deal is done between Leeds and Angus Kinnear’s old club. The Dutchman is expected to sign a five-year at the London Stadium, until Jun...
Read more

Leeds United board break silence after transfer window with statement on upcoming Elland Road development — YEP 2/9/24

-
By Joe Donnohue Leeds United have confirmed supporters' commemorative stones at Elland Road's Centenary Square will be replaced free of charge in a bid to improve their longevity. Beginning next month, Leeds supporters' personalised stones will be replaced with exact replicas, courtesy of a new company, to ensure of a 'much better quality' installation. The work is expected to take around two months to complete. An official club statement confirmed 'three larger stones dedicated to former managers Don Revie, Howard Wilkinson and Marcelo Bielsa' will also be installed, 'similar to those located in Bremner Square', while additional space for supporters to purchase new stones has also been factored into the project. “The club have taken on board recent feedback from supporters on the stones at Centenary Square, and we are really happy that we can now announce that all of the stones will be replaced," chief executive Angus Kinnear confirmed,...
Read more

Leeds United transfer state of play as Whites knock back low bid and assert wing pair stance — YEP 3/7/24

-
By Graham Smyth Leeds United are not actively looking to cash in on Crysencio Summerville and Willy Gnonto and believe any further outgoing transfer business will be done on their terms. The Whites, who sold Archie Gray to Tottenham Hotspur on Tuesday for £40m, expect that there will be continued interest in wing pair Summerville and Gnonto as the summer transfer window progresses. Summerville has been a target for Premier League side Brighton and Hove Albion but their interest has not yet materialised into a bid. The Albion did, however, send a £30m proposal for Georginio Rutter, which Elland Road chiefs rejected. Rutter is not expected to try and force an exit this summer and appears settled at Leeds after a far more positive second season in English football. The sale of Gray has helped put Leeds into a position where they do not need to sell star players and can dictate any moves that do happen. Club sources say they are not actively looking to sell the likes of Summerville o...
Read more