Leeds United are losing £1m a month and the new owner, Massimo Cellino has initiated a programme of cost cutting which includes the temporary closure of the training ground at Thorp Arch. Its long-term future is uncertain. It costs the club an inflation adjusted £600,000 a year to rent on a 25-year lease.
Leeds United are losing £1m a month and the new owner, Massimo Cellino has initiated a programme of cost cutting which includes the temporary closure of the training ground at Thorp Arch. Its long-term future is uncertain. It costs the club an inflation adjusted £600,000 a year to rent on a 25-year lease.
It is also likely that there will be staff cuts and redundancies. Cellino also seems to be sceptical about the value of the club’s Academy.