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

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

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."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

I

still can't see the Phil Jones thing that some people go on about. Whenever I watch him play it's a repeat of headless chicken meets a gurning Bambi on ice for 90 minutes.

diabolicaldiaby
F365's Top Ten Defenders Of The Season

P

robably the first list I've come across in a long time where I agree with a large majority of what was written. Can't agree with everything though, Zaba has had an awful season by his standards, I'd put Monreal (a player who I've never rated) up there, gotta give credit where it's due, he's really stepped up his game.

scroteymcbooger
F365's Top Ten Defenders Of The Season

S

ome top analysis here..... UNITED WOULD BE TOP IF IT WEREN'T FOR ALL THEM GAMES THEY LOST

benvo81
United Progress Stifled By Bottom-Half Record

Footer 365

Graham Taylor rejects claims he was asked to cap number of black players in England side

Graham Taylor has denied claims that the Football Association tried to cap the number of black players when he was in charge of the England team.

Spanish football could be shut down from May 16 over TV rights argument

La Liga faces being shut down from May 16 over an argument between Spain's football federation and the Government.

Real Madrid the most valuable team in football ahead of Barcelona

Real Madrid have retained their place as the most valuable football team, despite a drop in figures, according to Forbes magazine.

Mail Box

Coutinho Better Than Cazorla And Cesc...

Philippe Coutinho has outperformed Santi Cazorla AND Cesc Fabregas, while Arsenal need no new signings. We also have mails on Olivier Giroud and shopping lists...

Giroud Is More Than Good Enough...

Olivier Giroud and Theo Walcott are integral to Arsenal's title hopes next season. There's also more on handballs, Juventus, and Ronaldo holding Bale back...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company