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EPORT ON FINANCIAL STATEMENTS 04 Apr 2011
Leeds United Football Club Limited ('Leeds United') is the primary trading subsidiary of Leeds City Holdings Limited ('Holdings').
The financial year end for both companies is 30th June 2010.
Leeds United Football Club Limited
Headlines (2009 figures in brackets)
Turnover £27,446,000 (£23,535,000) up 16.6% Profit £2,072,000 (£15,000)
Leeds United made an operating loss before amortisation of player's registrations in the sum of £670,000 which can be wholly attributed to the cost of gaining promotion to the Championship as payments made to players/ management staff as a result of the success. A total of £7,706,000 was paid to players and football management staff in the 2009/10 season.
Gate receipts increased by 30.8% to £11,732,000 and merchandising increased by 12.0% to £5,509,000.
The number of full time employees decreased by 5 to 184 and, in addition, there is employment for approximately another 710 employees on a part-time basis.
The balance sheet shows net assets of £7,140,000. In addition, as at the 1st September 2010, the senior football management estimated the value of the playing squad at £6,667,000 which is not included in the above.
Leeds City Holdings Limited
Headlines (2009 figures in brackets)
Turnover £27,533,000 (£23,535,000) Up 16.9% Profit £1,517,000 (-£1,375,000)
The balance sheet shows net assets of £6,767,000.
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