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

think that puts all doubts over Benteke's quality to bed. Can he do it after receiving the ball to feet, in the box, totally unmarked, on a warm, sunny afternoon in Swindon? Oh yes he can! This year is definitely Liverpool's year. YNWA.

rationalmanc
WATCH: Benteke's debut screamer

A

ll very well selling all midfield and strikers but unless we bring anyone in that is better than what we had then it will be a terrible transfer window in my view. Sorted out the defense but our midfield and striker options look very light.

bigo
Spurs Halfway To The Perfect Summer

L

ove it when Jose accuses others of being defensive, cynical and playing to win. If I was Wenger, I'd get that quote laminated and framed - surely the biggest compliment he's ever received from Mourinho. You've got him riled Arsene - you're relevant again!

suarez_blind
Jose rues pitch and weather after defeat

Footer 365

Arsenal manager Arsene Wenger has 'difficult questions'

Arsenal centre-half Per Mertesacker says manager Arsene Wenger has a lot of "difficult questions" to answer.

West Ham forward Enner Valencia ruled out for up to 12 weeks

West Ham forward Enner Valencia has been ruled out for up to 12 weeks with a leg injury.

Jordy Clasie says he'd have rejected move to Man United in order to join Southampton

Jordy Clasie claims he'd have rejected Man United to sign for Southampton - saying it's "better to start lower and finish higher".

Mail Box

There's A Lot Of Anger About TV...

...and how much you have to pay - largely for games you don't actually want to watch. Many of you are forced to go illegal. We also have mails on Chelsea, Angel di Maria and...

Not Just A Friendly. This Had Meaning...

Arsenal fans are very excited about beating Chelsea (don't remind them about last year), while there is criticism for BT and a football fan tired of being screwed by TV...

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