Phil Hay of The Athletic has raised concerns about Leeds United’s financial future should they fail to secure promotion to the Premier League. The insight follows news that Leicester City could face charges for violating Profit and Sustainability (PSR) rules, serving as a cautionary tale.
Despite no current indications that Leeds are at risk regarding PSR, Hay highlighted the potential financial pressures the club could face if it remains outside the Premier League. Leicester City’s recent experience, having to sell stars like James Maddison and Harvey Barnes after their relegation, exemplifies the kind of strategy Leeds might have to adopt to ensure financial stability.
On the Square Ball Podcast, Hay expressed, “Should Leeds not achieve promotion this season, they’ll find themselves in a position where financial adjustments are necessary, likely leading to the sale of key players to balance the books. Leicester’s actions last summer, despite their sales, still hint at PSR breach risks.”
The situation around PSR breaches by Leicester has not been officially confirmed, and Leeds themselves have not been flagged for any violations. However, the potential for financial restraints becomes more pronounced without the influx of Premier League revenues, especially after another year outside the top flight.
Leeds are currently in a strong position, contending for direct promotion, which could render these concerns irrelevant. Yet, the unfolding situation with Leicester serves as a reminder of the financial vigilance needed, emphasizing the importance for Leeds to strive for promotion or face the potential of financial recalibration through player sales at Elland Road.
