Leeds United among top 20 in Premier League history for losses suffered

Leeds United have one of the worst financial records since the start of the Premier League era, according to financial expert Kieran Maguire.

The Whites are the 18th worst team in terms of losses with their pre-tax figures of £28million.

As many would expect, Manchester City and Chelsea are the top two teams while Manchester United, Liverpool and Arsenal are not on the list.

Via his personal Twitter accountCount, Maguire wrote, “The loss of the Premier League’s Top 20 to tax-making clubs since its inception in 1992-93.”

Bad model?

Despite being one of the biggest teams in the country and not being in the top flight for 18 years, Leeds are in the top 20.

It doesn’t make for good reading and I hope the club have now hired the right people to prevent this from happening.

The year the Whites got promoted, everyone was lyrical about how well the club was run and they even backed Marcelo Bielsa wholeheartedly in that window.

However, last summer revealed the flaws behind the scenes at Elland Road and things need to be done differently if Leeds are to once again become a force.

Relegation would have been devastating for the club and they should have abandoned their model and built back better.

Now they have an easier time getting it right and we expect tangible progress in the years to come.

In other Leeds United news, Fabrizio Romano has shared whether a ‘sensational’ defensive midfielder has agreed to terms on a switch from Elland Road and become the club’s fourth summer signing.

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Edward L. Robinett