Leeds United will not have to pay owner Andrea Radrizzani rent for the use of Elland Road while they're still in the Championship and for as long as he continues to fund the club, according to The Athletic's Phil Hay.

The Italian businessman completed a full takeover of the Yorkshire club in May 2017 and bought back the Whites stadium through a separate company in June that year.

Leeds accounts for the 2018/19 financial year were published this morning and revealed the money that had been pumped into the club as they look to secure promotion to the Premier League.

The losses rose from £4 million the previous year to £21 million, while the wage bill increased by £15 million up to a whopping £46 million.

It is understood that financial support will continue to be provided by Radrizzani through Aser Group and that none of the money owed to it would be called in during the 2019/20 financial year.

Additionally, Hay has revealed that Radrizzani will take no money out of the club in lease payments for Elland Road while they're in the Championship and he is funding the club.

However, he reported the club will continue to pay rent for the Thorp Arch training ground.

Can you name every Leeds United front-of-shirt sponsor from the last 15 seasons? Have a go now!

 

 

The Verdict

This update from Hay illustrates just how much Radrizzani continues to put into Leeds as they chase their Premier League dream.

The Whites owner deserves a lot of credit for everything he has done for the club since he took over in 2017.

With that in mind, the current delay to the season and the uncertainty over its completion looks even more frustrating for Leeds.