Leeds at the upper limit of profit and sustainability threshold
07 Feb 2020 08:24 am, by Ellandback1
Good Morning. It's Friday 7th February, and here are the latest headlines from Elland Road...
Angus Kinnear - We’re going to be right at the upper limit of the profit and sustainability threshold
Angus Kinnear has revealed that Leeds are right at the upper limit of the profit and sustainability threshold, and that was why Leeds were unable to capture Jarrod Bowen during the January Transfer Window. The Leeds Utd Managing Director was discussing these matters during a recent interview on BBC Radio Leeds.
I think it was a successful window, the key things are that Marcelo [Bielsa] and Victor [Orta] are both happy, from a technical perspective. They both think we’ve improved in both of those positions.When the accounts come out we’re going to be right at the upper limit of the profit and sustainability threshold and we’re not going to breach it like other clubs have".
That’s not the way we want to operate, we’re working within the limits. We don’t agree with the rules and we don’t think they help drive sustainability, in fact, we think they lead to some creative accounting counter to the healthy running of football clubs, and there are a number of clubs that are campaigning against it.
That’s why in the last transfer window we had to cut our cloth and the thought of any Championship club paying £25m for a player like Jarrod Bowen… that just isn’t possible within P&S rules unless they have a significant parachute payment.
From my perspective, it’s important that we’ve done it in a responsible and self-sustaining way and we’ve managed the finances accordingly. I think we’ve put ourselves in a really good position for the rest of the season.[/quote]
Bielsa's Pre Match Press Conference
Bielsa discusses Saturdays crunch game at the City Ground, and reveals that Augustin has only played three games in eight months. hence his decision not to include the French man in a match day squad so far!
Leeds careless talk helps ramp up value of target
Leeds United are keeping close tabs on Peterborough United's £15m rated wonderkid striker Ricky-Jade Jones. The 17 year old can either play in midfield or up front, and has caught the eye of many clubs in both the Championship as well as Arsenal and Manchester United.
The Whites enquired about Jones in the January transfer window on three separate occasions. During these negotiations Leeds told Barry Fry that they felt Jones could be the next Tammy Abraham's. Unfortunately for the Whites, this only ramped the asking price higher. Posh Director of Football gave the following statement...
They were all after him. United, Liverpool, Arsenal, but we told them all the same thing and that it was a waste of time bidding as we were determined to hold on to him…
Leeds were actually the most determined to sign Ricky. They were on several times as they think Ricky is going to be the next Tammy Abraham. I told them if that’s the case he must be worth £15 million already!
In our opinion Ricky is better off developing with us and helping us be successful. He’s a lovely lad with his feet on the ground.