Last Updated: Tuesday, 28 October, 2003, 09:41 GMT
Leeds losses: facts and figures
All the key details from Leeds' 2003 results, as well as a rundown of the recent high-profile departures.
Mired in debt:
For the year ended 30 June 2003, Leeds United plc made pre-tax losses of £49.5m (compared to £33.9m in 2001/02) and an operating loss (excluding player transfers) of £25.4m.
What's gone DOWN
Turnover fell 21% to £64 million, compared to £81.5m the previous
Average Premiership attendances were 39,128 in the 12 months up to 30 June
30 this year, from 39,752.
Season ticket sales dropped from 27,132 to 26,136.
Gate receipts dropped to £10.7m, a fall of £300,000.
Television and broadcasting income fell by 36% to £21.9m from
£34.2m. TV revenue from cup games fell £4.6m.
Merchandising fell by 9% to £7.4m from £8.1m.
Losses as a result of transfers fell, from £20.3m to £17m.
Leeds United plc's tangible assets fell to just over £60m,
compared to £109m a year earlier.
What's gone UP
The wage bill rose £3m to £56.6m representing 88% of turnover compared to 66%.
Administrative expenses before transfers increased by £4.7m
Closing net debt rose £100,000 to £78m.
The Elland Road exodus:
(Signed November 2000, £18m; sold July 2002, £30m)
The sale of England defender Ferdinand to Manchester
United was on the cards before Terry Venables took over. Neither then manager Terry Venables nor then chairman Peter Ridsdale wanted to sell Ferdinand but
debts forced their hand.
(Signed May 2001, £12m; sold August 2002, £7m)
Securing his services cost Leeds £12m, but just 15 months later they were prepared to cash in to ease the financial problems caused by failure to qualify for the Champions League. Tottenham snapped him up for just £7m.
(Signed July 1996, £2.8m; sold January 2003, £100,000)
With just a season left on his contract and the player seemingly unwilling to sign a new one, Leeds did their best to sell Bowyer
last summer. A £9m fee was agreed with Liverpool, but the move broke down after Reds boss Gerard Houllier expressed doubt about the players' commitment. They had to settle for a nominal fee soon after from West Ham - and Bowyer then moved to Newcastle on a free at the end of the season.
(Signed May 2000, £7.2m; sold June 2003, £3.5m)
The Frenchman's relationship with Terry Venables was less than harmonious with the player clearly keen to leave Elland Road. He joined Roma initially on loan before making the move permanent in the summer.
(Signed November 2001, £11m, sold January 2003, £6m)
The former Liverpool striker was hampered by injury during his
brief spell at Elland Road. When Manchester City came in for him the board felt they could not turn down the £6m on offer, especially considering the depressed state of the transfer market.
(Trainee, sold January 2003, £9m)
Described as Leeds' crown jewel, Woodgate was seen as the pivotal figure around which the team would
be built after Ferdinand's departure. However, his controversial sale to
Newcastle proved too much for many fans, who began protesting for the resignation of the board and chairman Peter Ridsdale in particular.
(Signed December 1995, trainee; sold July 2003, £5m)
Kewell made it clear he wanted out after the end of the season, and the £2m pay-off he and his agent received meant the Elland Road club effectively only received £3m from Liverpool when he moved to Anfield.
The one-off compensation costs involved in changing first-team management and implementing other redundancies totalled £7.2m for the 12 months to 30 June.
Left in acrimonious circumstances in June 2002, eventually agreeing a hefty compensation settlement believed to be in the region of £4m, the final instalment of which was paid in this financial year.
Venables was brought in as manager by Peter Ridsdale to replace O'Leary. But he struggled to get results on the pitch, and fell out with the board off it as more players were sold off. Eventually left on 21 March, although he too received a hefty pay-off.
The chairman who 'lived the dream', awarding himself a salary in the region of £600,000 in 2001, but left a nightmare in his wake when he eventually resigned on 17 April 2003.