The Den

Next Game

Millwall v Leeds

Saturday, 09 August 2014, 15:00

Sky Bet Ch'ship

Proact Stadium

Last Game

Chesterfld 2 - 2 Leeds

Saturday, 26 July 2014, 15:00

Friendly Match

Leeds see profits downturn

Leeds have released financial figures which reveal a downturn in turnover and gate receipts.

Last Updated: 28/12/12 at 12:10 Post Comment

Leeds United: Saw profits reduced, according to latest financial figures

Leeds United: Saw profits reduced, according to latest financial figures

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

The sale of Max Gradel and former club captain Jonathan Howson helped the club post an overall profit of £317,000, although that was well down on the £3.5m recorded during the previous 12 months.

"Leeds United have underlined the importance of GFH Capital's recent takeover by publishing new figures which reveal a major financial downturn at Elland Road," read a statement on United's official website.

"The club's results for the 12 months leading up to June 30, 2012 show marked decreases in turnover and gate receipts and an operating loss of more than £3.3million.

"United posted an overall profit of £317,000, helped by the sale of ex-player of the year Max Gradel and former club captain Jonathan Howson, but the figure decreased dramatically from £3.5million during the previous 12 months.

"Gate receipts were down 10 per cent and turnover fell by almost five per cent to just over £31million.

"United's parent company Leeds City Holdings Limited, saw more severe decreases with its operating loss standing at £4.193m and its overall loss recorded as £536,000.

"Along with the club, Leeds City Holdings Limited owns Yorkshire Radio - United's official radio station - Leeds United Media Limited and the Centenary Pavilion.

"The results have emerged a week after GFH Capital, the Dubai-based private equity firm, secured a 100 per cent buy-out of Leeds City Holdings Limited and acquired the majority shareholding of Leeds chairman Ken Bates.

"The 12 months covered by United's latest accounts span a period in which Bates faced long-running protests against his running of the club and average league attendances fell by almost 4,000."

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

Related News

Most Commented

Readers' Comments

D

oes the absence of Winston Bogarde mean he's finally left Chelsea?

nellyknows
The Pre-Season 'Is He Still There?' XI

P

resumably, Diaby is in this team but receiving treatment

lee
The Pre-Season 'Is He Still There?' XI

A

deadwood 11 and not an arsenal player listed. Heady days.

EssexGooner
The Pre-Season 'Is He Still There?' XI

Footer 365

Transfer News: Manchester City in talks with Frank Lampard over loan move

Frank Lampard's representatives are in talks with Manchester City over a loan move, according to Sky sources.

Transfer news: Arsene Wenger admits Thomas Vermaelen could leave Arsenal this summer

Arsenal manager Arsene Wenger plans to make more signings this summer, but admits captain Thomas Vermaelen could leave.

Guus Hiddink vows to build on success of Holland predecessor Louis van Gaal

New Netherlands coach Guus Hiddink has vowed to build on the success of predecessor Louis van Gaal.

Mail Box

Are Villa Fans The Lowest Of Them All?

With the possible exception of Blackpool, are any club's fans feeling any more depressed about the start of the season than Villa? We also have a bizarre suggestion and...

How Can Tim Sherwood Be Out Of Work?

Don't peple know his PPG was THE BEST EVER FOR A SPURS MANAGER? We also have mails on Luis Suarez, the new fashion for 3-5-2 and more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property