With the summer transfer window almost upon us, decisions will have to be made on the future of certain Leeds United players.
The club is preparing for life back in the Premier League after winning promotion from the Championship. The summer is expected to be a busy one that could see a lot of coming and going as Daniel Farke shapes his squad.
Players currently out on loan are among those who may have a more uncertain future. That is especially the case with Jack Harrison.
The 28-year-old has not played a minute for Leeds since May 2023. Following relegation to the Championship, Harrison joined Everton on loan, that’s where he has been for the last two seasons.
With no option or obligation to buy included in the loan deal, as it stands, Harrison will return to Leeds for pre-season. He still has three years running on his contract that he signed in April 2023, just a few months after almost completing a £20 million permanent move to Leicester City.
Going into the summer transfer window, Harrison’s future is still firmly up in the air and the Whites' promotion means there's no loan clause active in his deal. Farke, who the midfielder has never played under at Leeds, is likely to make a call on his future in pre-season having worked with the player for the first time.
However, that could change if a significant offer comes in before the start of pre-season. If the offer meets Leeds’ expectations that Harrison is very likely to be moved on.
But what sort of price would be beneficial to Leeds? It could come down to the numbers with Profitability and Sustainability (PSR) and amortisation in mind.
As reported by the Athletic, Harrison’s estimated book value sits at around £2.75 million, meaning any fee that the club receive above that will go down as a profit for PSR.
Having paid £11 million for him in 2021, that fee was spread out over the three years of his contract. When he signed a new deal in April 2023, his book value was then spread again over the five years, working out at between £2.5 and £3 million.
Therefore, in a scenario where Leeds are able to get the £20 million Leicester were willing to pay for the player in January 2023, then the PSR profit this season would go down at around £18.25 million.
The fact that Harrison has three years remaining on his deal will be a boost to Leeds in getting as much money as possible if they decide to sell. However, Harrison is now two years older, meaning clubs may be more unwilling to spend as much on the player.
It’s a situation to keep a close eye on over the next few weeks and months.
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