Leeds United board member makes PSR and transfer statements after 49ers promise — Leeds Live 5/3/26

Leeds United will come under new financial rules this summer but must first continue to navigate the current PSR system

Isaac Johnson Leeds United reporter

Leeds United board member Peter Lowy is confident that the club will not fall foul of any PSR breaches this financial cycle.

Leeds had maxed out spending limits by the end of the summer transfer window and any expenditure in January would have needed to be offset before June 30. As it played out, the only arrival was loanee Facundo Buonanotte.

Therefore, Leeds are expected not to be at risk of any financial breach this summer, when new Premier League finance rules come in. If Leeds stay up, they will be under fresh ‘Squad Cost Ratio’ rules, allowing them to spend up to 85% of their revenue on players and the manager.

United had voted against the implementation of this, having wanted to make a few amendments given they will be marginally worse off in the short term. However, the new structure was passed in November by 14 votes to six, the lowest threshold needed.

As for the current financial cycle, Lowy has indicated that the club are on track to stay within limits. “We should be fine," he told BBC Radio Leeds in a wide-ranging interview.

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