In these coronation times, the clubs bleed with a lack of revenue compared to high established expenses. Now came the numbers from the 2018/19 season, which did not exactly testify to sustainable operations in the Championship before the virus hit the football island.
Leeds can show a record turnover, but must realize that spending levels have risen sharply. According to Leeds-live, the operating loss was a staggering NOK 460 million, with 94% of sales going to cover salary expenses.
Most people would say madness, but to Leeds defense they are not the worst in the Championship.
Championship 2018/19 totals make for err…interesting reading. Total income £796 million but wages £855m. Total operating losses £650m & average weekly wage £16,553. pic.twitter.com/eC8I9OyKgf
— PriceOfFootball (@KieranMaguire) April 8, 2020
A football finance expert has set up the sad status of the 24 clubs:
Scary reading, please ask us. And when it comes to Leeds, the club can’t afford the revenue level of the Championship. Here, only promotion matters.