Leeds United Football Club play at the Elland Road ground (capacity = 40,296) which was sold by the club in a 25-year sale-lease back deal with a commercial buy-back provision for when the club’s finances improve. This arrangement was one part of a series of measures designed to bring the club back to financial stability after 2003 when the club had been in £121m of debt and also included sale of their training ground, for £4.2m. In January 2005, chairman Gerald Krasner announced the sale of a 50% stake of the club to Ken Bates for £10m.
Leeds United Football Club play at the Elland Road ground (capacity = 40,296) which was sold by the club in a 25-year sale-lease back deal with a commercial buy-back provision for when the club’s finances improve. This arrangement was one part of a series of measures designed to bring the club back to financial stability after 2003 when the club had been in £121m of debt and also included sale of their training ground, for £4.2m. In January 2005, chairman Gerald Krasner announced the sale of a 50% stake of the club to Ken Bates for £10m.
Turnover and pre-tax profit figures are in millions. Years covering 1994/95 to 1996/97 refer to Leeds Sporting plc.
Financial Overview
Year |
Turnover |
Pre-tax profit |
Wages / Turnover ratio (%) |
Employees |
|
2007/08** |
23.249 |
4.553 |
54.8 |
168 |
|
—- |
—- |
—- |
—- |
—- |
|
2004/05 |
31.121 |
-8.490 |
56.3 |
199 |
|
2003/04 |
41.954 |
69.436 |
88.4 |
277 |
|
2002/03 |
46.998 |
-47.523 |
|
273 |
|
2001/02 |
64.169 |
-34.543 |
80.9 |
294 |
|
2000/01 |
76.225 |
-4.197 |
54.3 |
290 |
|
1999/00 |
50.789 |
4.248 |
52.0 |
228 |
|
1998/99 |
35.394 |
1.406 |
49.2 |
145 |
|
1997/98 |
28.265 |
-0.045 |
53.8 |
166 |
|
1996/97 |
21.802 |
-6.227 |
50.9 |
195 |
|
1995/96 |
18.751 |
-0.875 |
|
|
|
1994/95 |
14.753 |
0.842 |
|
|
** = 14 months