Accounts covering the 2024/25 season have been filed at Companies House
James Smailes
21:00, 01 Apr 2026
Leeds United have published their accounts
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Leeds United have published their accounts(Image: MI News/NurPhoto via Getty Images)
Leeds United set records on their way back to the Premier League with the latest accounts showing the club broke their own record of the highest revenue ever posted by a Championship team.
Accounts covering the 2024/25 season have been filed at Companies House and paint a picture of a club in a strong financial position, albeit one which will again have to be careful regarding spending within the Profit and Sustainability Rules.
In the time period mentioned as Leeds marched to a Premier League return with a record 100 points, the club did so while accumulating a new record £137million in turnover, beating the previous best total they had set a year earlier by an impressive seven percent. And doing so while impacted by a reduction in the parachute payment.
A 34 percent increase in commercial revenue brought in a huge £58.1m, a figure which The Athletic report is the ninth-highest of all clubs in England. Broadcast revenue dropped by just over £6m to £47.2m, making the record total figure even more impressive.
Commercial income was supplemented further by partnerships with Red Bull, front-of-shirt sponsor SBOTOP, and a kit deal with Adidas, while the matchday income figure of £31.6million for the season also put Leeds mid-table among Premier League sides for gate receipts, while in the second tier.
While Leeds had record revenues, £180.6m in costs, including a wage bill of £107.7m which was not too far off the bill of two years ago in the Premier League of £121m, meant the club posted a pre-tax loss for the financial year of £49.2m, which was down a significant 19 percent on the previous year.
Other headline news was profits from player sales dropping 25 percent to £25m, while the average weekly wage was £45,000, helping wages rise by 28 percent to that £107.7m figure. A total of £45m was spent on player signings, with sales of £67.5m.
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Money from the 49ers Enterprises ownership group was used to pay down the underlying debt and allow the club to invest in the summer in transfers and wages to be as competitive as they have been, with cash from investors totalling £108m.
The owners will now hope Daniel Farke can keep the team in the division, with the club set up well to be competitive again in the Premier League next season if they can survive the drop.
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