Potential fire sale looms at Leeds United if promotion not achieved, warns Phil Hay
Journalist Phil Hay has raised concerns about the financial stability of Leeds United if they do not secure promotion this season, hinting at a possible fire sale of players to raise funds.
Hay highlighted the importance of player sales, such as those of Kalvin Phillips and Raphinha, in keeping the club afloat in the past, with recent exits like that of Sinisterra also playing a crucial role in maintaining compliance with profit and sustainability rules.
Speaking on The Square Ball podcast, Hay emphasized the significant increase in administrative expenses and operating losses at the club, noting that player sales have been key in offsetting these losses in the past.
He stressed that if Leeds fail to secure promotion this season, selling players to generate income will be necessary to ensure compliance with regulations. Despite previous sales ensuring current compliance, promotion to the Premier League is seen as essential to avoid potential financial difficulties stemming from profit and sustainability breaches.
Hay’s remarks come amidst ongoing scrutiny of PSR rules, with concerns raised by figures like Alan Brazil about the impact on clubs in both the Premier League and the Championship. While Leeds currently appear to be in a stable position, the potential consequences of failing to secure promotion highlight the importance of a successful season ahead.
