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Leeds posted losses of £21.4 million in Marcelo Bielsa’s first season

The club’s accounts show wages rocketed during the 2018/19 campaign.

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Leeds have announced their accounts for the year ending June 30, 2019 (Mike Egerton/PA)

Leeds have announced their accounts for the year ending June 30, 2019 (Mike Egerton/PA)

Leeds have announced their accounts for the year ending June 30, 2019 (Mike Egerton/PA)

Leeds posted losses of £21.4million in Marcelo Bielsa’s first season, with the Sky Bet Championship club’s accounts showing wages rocketed during the 2018/19 campaign.

The Argentinian’s arrival heralded excitement and a renewed promotion push at Elland Road, but the club fell agonisingly short in the play-off semi-finals.

The coronavirus outbreak has seen this season suspended with table-topping Leeds on course for promotion, having built on the 2018/19 campaign.

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Leeds lost out to Derby in the Championship play-off semi-finals in Marcelo Bielsa’s first season in charge at Elland Road.

Leeds lost out to Derby in the Championship play-off semi-finals in Marcelo Bielsa’s first season in charge at Elland Road.

PA

Leeds lost out to Derby in the Championship play-off semi-finals in Marcelo Bielsa’s first season in charge at Elland Road.

United’s accounts for the year ending June 30, 2019 show turnover increased from £40.7m to £48.9m, with the average home attendance rising by 2,512 fans to 34,033.

Income streams increased across the board but Leeds’ operating loss was £36.1m, with a loss for the financial year and total comprehensive income of £21.4m.

Wages were a huge contributing factor in that, with the accounts showing a steep rise from £31.4m in 2017/18 to £46.2m during 2018/19.

PA