Club finances · statutory accounts

Leeds finances

Reporting entity
LEEDS UNITED FOOTBALL CLUB LIMITED
Latest period
Year to 30 June 2025 (FY2025 · the 2024/25 season)
Company number
06233875
Accounts
Consolidated (whole group)
Filed
12 April 2026

These figures come from the accounts the club files by law at Companies House. Anything a filing does not disclose is shown as Not disclosed — FixtureShark never estimates it. Read the original FY2025 filing.

← Leeds

In brief

In the year to 30 June 2025, Leeds brought in revenue of £137m, up from £127.6m the year before. The club made an operating loss of £68.4m and ended the year with net assets of £45.1m.

More revenue is not the same as financial health: read it alongside profit or loss, cash and net assets.

FY2025 at a glance

  • Revenue

    £137m

    £136,989,330

  • Operating loss

    £68.4m

    £68,401,381

  • Loss before tax

    £49.2m

    £49,177,888

  • Cash

    £34m

    £33,952,665

  • Borrowings

    £58.8m

    £58,824,929

  • Net assets

    £45.1m

    £45,087,921

  • Average employees

    1,415

Over time

† FY2020, FY2021 are not directly comparable: later accounts restated those years, so they are shown hatched and no trend is drawn through them.

Revenue
£54.2mFY2020†£171mFY2021†£189.2mFY2022£189.7mFY2023£127.6mFY2024£137mFY2025

Hatched: not directly comparable with the years either side.

Bigger is not automatically healthier.

Show as a table
Revenue, by financial year
YearValue
FY2020 † not comparable£54.2m
FY2021 † not comparable£171m
FY2022£189.2m
FY2023£189.7m
FY2024£127.6m
FY2025£137m
Profit or loss before tax
-£62.4mFY2020†-£11.9mFY2021†-£36.7mFY2022-£33.7mFY2023-£60.8mFY2024-£49.2mFY2025

Hatched: not directly comparable with the years either side.

Show as a table
Profit or loss before tax, by financial year
YearValue
FY2020 † not comparableLoss before tax £62.4m
FY2021 † not comparableLoss before tax £11.9m
FY2022Loss before tax £36.7m
FY2023Loss before tax £33.7m
FY2024Loss before tax £60.8m
FY2025Loss before tax £49.2m
Cash
£31.7mFY2020†£29.1mFY2021†£4.6mFY2022£1.56mFY2023£5.01mFY2024£34mFY2025

Hatched: not directly comparable with the years either side.

Show as a table
Cash, by financial year
YearValue
FY2020 † not comparable£31.7m
FY2021 † not comparable£29.1m
FY2022£4.6m
FY2023£1.56m
FY2024£5.01m
FY2025£34m
Net assets or liabilities
-£69.4mFY2020†-£29.2mFY2021†-£60mFY2022-£93.7mFY2023-£13.7mFY2024£45.1mFY2025

Hatched: not directly comparable with the years either side.

Show as a table
Net assets or liabilities, by financial year
YearValue
FY2020 † not comparableNet liabilities £69.4m
FY2021 † not comparableNet liabilities £29.2m
FY2022Net liabilities £60m
FY2023Net liabilities £93.7m
FY2024Net liabilities £13.7m
FY2025Net assets £45.1m
Average employees
1,079FY2020†428FY2021†999FY20221,189FY20231,406FY20241,415FY2025

Hatched: not directly comparable with the years either side.

Show as a table
Average employees, by financial year
YearValue
FY2020 † not comparable1,079
FY2021 † not comparable428
FY2022999
FY20231,189
FY20241,406
FY20251,415
Staff costs
£78.3mFY2020†£108.3mFY2021†£121.4mFY2022£145.9mFY2023£84mFY2024£102.7mFY2025

Hatched: not directly comparable with the years either side.

Show as a table
Staff costs, by financial year
YearValue
FY2020 † not comparable£78.3m
FY2021 † not comparable£108.3m
FY2022£121.4m
FY2023£145.9m
FY2024£84m
FY2025£102.7m

Every year

Leeds published figures by financial year
FigureFY2020 †FY2021 †FY2022FY2023FY2024FY2025
Revenue£54.2m£171m£189.2m£189.7m£127.6m£137m
Matchday revenue£11.4m£1.93m£24.6m£29.9m£30.6m£31.6m
Broadcast revenue£8.67m£132.8m£115.7m£111.5m£53.6m£47.2m
Commercial revenue£34.1m£36.3m£49m£48.2m£43.3m£58.1m
Staff costs£78.3m£108.3m£121.4m£145.9m£84m£102.7m
Operating profit or loss-£64.6m-£10m-£34.5m-£106m-£76.3m-£68.4m
Profit or loss before tax-£62.4m-£11.9m-£36.7m-£33.7m-£60.8m-£49.2m
Profit or loss after tax-£62.4m-£11.9m-£36.7m-£33.7m-£60.8m-£49.2m
Player amortisation£10.1m£37.8m£57.5m£80.9m£59.4m£46.4m
Player impairment£1.24m£0—£20.3m£7.48m£3.01m
Profit or loss on player sales£10.1m-£1.44m£890k£73.3m£33.7m£24.8m
Cash£31.7m£29.1m£4.6m£1.56m£5.01m£34m
Borrowings£37.6m£34.9m£50.5m£47.8m£60.3m£58.8m
Total assets£127.7m£196.8m£194.9m£255.5m£260.7m£291.2m
Total liabilities£197.1m£226.1m£254.9m£349.1m£274.5m£246.2m
Net assets or liabilities-£69.4m-£29.2m-£60m-£93.7m-£13.7m£45.1m
Average employees1,0794289991,1891,4061,415
Staff costs as a share of revenue FixtureShark-derived144%63%64%77%66%75%
  • — Not disclosed in that year’s filing. A disclosed zero is shown as £0.
  • Negative figures, in red, are losses or net liabilities.
  • † Not directly comparable with the years either side.
  • Rows marked FixtureShark-derived are calculated by FixtureShark from the filed figures; everything else is as filed.
  • Not disclosed in any period: Other revenue.

Sources and definitions

Where each figure comes from

Total revenue/turnover reported for the period.

Sources for Revenue
YearPublishedXBRL conceptAs filedFilingMappingDocument
FY2020 †£54,183,980pdf:Turnover54,183,980 GBPAA-2021-04-03v2Filing
FY2021 †£171,027,740pdf:Turnover171,027,740 GBPAAMD-2023-04-08v2Filing
FY2022£189,206,769pdf:Turnover189,206,769 GBPAA-2023-04-08v2Filing
FY2023£189,683,547pdf:Turnover189,683,547 GBPAA-2024-04-09v2Filing
FY2024£127,558,280pdf:Turnover127,558,280 GBPAA-2025-04-02v2Filing
FY2025£136,989,330pdf:Turnover136,989,330 GBPAA-2026-04-12v2Filing

“As filed” is the value exactly as it appears in the filing’s machine-readable (iXBRL) data. A dash means the filing did not disclose this figure. The mapping version records which rule turned the filed concept into this figure.

What each figure means
Revenue
Total revenue/turnover reported for the period.
Matchday revenue
Revenue attributable to matchday activities where separately disclosed.
Broadcast revenue
Revenue attributable to broadcasting/media rights where separately disclosed.
Commercial revenue
Revenue attributable to commercial activities where separately disclosed.
Staff costs
Total staff/employee costs reported for the period.
Operating profit or loss
Operating profit or loss reported for the period.
Profit or loss before tax
Profit or loss before taxation.
Profit or loss after tax
Profit or loss after taxation for the financial period.
Player amortisation
Amortisation of player registrations/intangible player assets.
Player impairment
Impairment of player registrations/intangible player assets.
Profit or loss on player sales
Profit recognised on disposal of player registrations.
Cash
Cash and cash equivalents at the reporting date.
Borrowings
Interest-bearing borrowings disclosed at the reporting date; definition excludes derived net debt.
Total assets
Total assets at the reporting date.
Total liabilities
Total liabilities at the reporting date.
Net assets or liabilities
Net assets/equity at the reporting date.
Average employees
Average number of employees during the reporting period.
Staff costs as a share of revenue (FixtureShark-derived)
Staff costs divided by total revenue.

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