Leeds United
2026/27 spending-room estimate
Season view
ProjectionSquad-cost basis2026/27 — Squad-cost basis. This is the live view used across the rest of this page. What does this mean?
Forward-looking squad-cost estimate for 2026/27, built from public filings, reported transfer data, provider wage estimates and PSRwatch assumptions. Subject to transfer, wage, revenue and rule changes. These are unofficial PSRwatch estimates — final regulatory decisions sit with the leagues. Methodology
PSRwatch estimates Leeds United's 2026/27 squad-cost ratio at 92% of football income — past the 85% levy threshold but inside the 115% buffer. That leaves roughly £40m of annual squad-cost room before the 115% points-deduction line. Estimates updated 18 Jul, 15:32; accounts last synced 21 Jun, 22:04. These are independent PSRwatch estimates, not official Premier League calculations.
Today's read
Leeds United are estimated to be past the 85% levy threshold but inside the 115% buffer.
They have around £40m of room before the 115% points-deduction threshold, with an SCR estimate of 92% against the 115% points line (the 85% levy line is the secondary reference).
They are past the 85% levy threshold but inside the 115% buffer, so the exposure is a financial levy on around £13m of overspend — a fine, not a points deduction.
Confirmed transfers this summer have created more room by about £1m (-0.7 percentage points).
Old PSR remains a risk in the 2023/24-2025/26 closeout window.
Room before a points deduction
Annual squad-cost room before the 115% threshold where points deductions start.
Points deductions start at 115% of football income. The 85% levy line is the secondary reference.
Room before the 85% line where a financial levy on overspend starts.
Financial levy charged on overspend above 85% — a fine, not a points deduction.
Transfer effect
This table translates confirmed transfer activity into spending-room impact. A transfer fee is normally spread across the player's contract as an annual transfer-fee cost. Wages, signing fees, agent fees, loans and sales then change the live squad-cost position.
| Player / item | Move | From / To | Fee | Contract | Annual transfer-fee costi | Book profit/loss | SCR movement |
|---|---|---|---|---|---|---|---|
| Harry Wilson | In | Fulham FC | £0m | 3 yrs | £0m | £0m | +2.0pp |
| Pascal Struijk | Out | Brighton & Hove Albion | £19m | Sale/no fee spread | £0m | £13m | -2.7pp |
Football income
The SCR estimate depends on football income, so PSRwatch starts from the latest filed accounts and then estimates the 2026/27 income base.
2024/25
£167m low / £188m high
Built from filed accounts or reported sale fees only — undisclosed-fee estimates never count as income.
Latest filed revenue baseline: 2024/25.
Central forecast starts from the committed club forecast and splits football income using a league-typical modelled mix (about 18% matchday / 47% broadcasting in the Premier League) — the club's own filed mix will be used once its accounts disclose one.
Premier League participation is included in the broadcasting and commercial mix.
No UEFA revenue is included unless the club is flagged for Europe.
Low/high range is a deterministic +/-6% sensitivity around central football income.
Broadcasting income lifted to the Premier League floor of GBP 95m (was below it), adding about GBP 35m.
Squad-cost breakdown
Squad cost combines the club's accounts wage bill (all staff — a conservative stand-in for the League's player-and-coach definition), annual transfer-fee costs and estimated agent, signing, loan and bonus costs, compared with football income to give the SCR estimate.
From the club's filed accounts: total staff costs including non-playing staff, bonuses and employer NI. The League's squad-cost test counts player and head-coach pay, so this numerator errs conservative.
Spending beyond 85% of football income attracts a financial levy on the overspend.
Old PSR: 2023/24-2025/26
Old PSR is the old three-year loss-based framework. It remains relevant for historic compliance and final closeout, but it is no longer the main live view for 2026/27 squad-building.
2023/24, 2024/25, 2025/26
GBP 5m per known PL/EFL season.
Available £141m; cap £46m.
Risk closeout
Funded allowance available for this cycle.
Shortfall to support losses above baseline if needed.
League mix drives PL/EFL loss cap.
UEFA rules
Not currently flagged for UEFA squad-cost rules.
Not currently flagged for UEFA rules.
No UEFA SCR calculation applied.
Owner funding
Owner funding can affect financial resilience and, under the old PSR framework, support permitted losses. It does not automatically create new squad-cost room under the revenue-linked SCR model.
2023/24, 2024/25, 2025/26
Cycle cap £46m.
Can support the old funded loss allowance.
SCR is revenue-linked, so owner funding is not automatic capacity.
Player ledger
Player-level squad-cost model from contract, wage and player-registration cost data.
Per-player wages are estimated gross fixed salaries from public sources. They sum well below the accounts wage bill used in the squad-cost estimate above, because that bill also covers bonuses, employer NI and non-playing staff.
| Player | Position | Contract end | Capitalised cost | Wage estimate | Annual transfer-fee costi | Annual squad cost |
|---|---|---|---|---|---|---|
| Lucas Perri | Goalkeeper | 2029-06-30 | £0m | £3m | £1m | £4m |
| Alex Cairns | Goalkeeper | 2028-06-30 | £0m | £1m | £0m | £1m |
| Jaka Bijol | Centre-Back | 2030-06-30 | £0m | £2m | £3m | £5m |
| Joe Rodon | Centre-Back | 2028-06-30 | £0m | £2m | £3m | £5m |
| Sebastiaan Bornauw | Centre-Back | 2029-06-30 | £0m | £2m | £1m | £3m |
| Maximilian Wöber | Centre-Back | 2027-06-30 | £0m | £2m | £0m | £2m |
| Gabriel Gudmundsson | Left-Back | 2029-06-30 | £0m | £2m | £3m | £5m |
| Isaac Schmidt | Left-Back | 2028-06-30 | £0m | £1m | £0m | £1m |
| Sam Byram | Left-Back | 2026-06-30 | £0m | £1m | £0m | £1m |
| Jayden Bogle | Right-Back | 2028-06-30 | £0m | £2m | £2m | £4m |
| James Justin | Right-Back | 2029-06-30 | £0m | £2m | £2m | £3m |
| Ethan Ampadu | Defensive Midfield | 2030-06-30 | £0m | £4m | £4m | £8m |
| Anton Stach | Defensive Midfield | 2029-06-30 | £0m | £2m | £4m | £6m |
| Ilia Gruev | Defensive Midfield | 2027-06-30 | £0m | £1m | £2m | £2m |
| Charlie Crew | Defensive Midfield | 2028-06-30 | £0m | £0m | £0m | £0m |
| Sean Longstaff | Central Midfield | 2029-06-30 | £0m | £4m | £2m | £6m |
| Ao Tanaka | Central Midfield | 2028-06-30 | £0m | £1m | £2m | £3m |
| Brenden Aaronson | Attacking Midfield | 2027-06-30 | £0m | £2m | £3m | £5m |
| Noah Okafor | Left Winger | 2029-06-30 | £0m | £4m | £3m | £7m |
| Largie Ramazani | Left Winger | 2028-06-30 | £0m | £1m | £1m | £2m |
| Jack Harrison | Left Winger | 2028-06-30 | £0m | £5m | £1m | £6m |
| Harry Wilson | Right Winger | 2030-06-30 | £0m | £4m | £3m | £7m |
| Wilfried Gnonto | Right Winger | 2028-06-30 | £0m | £2m | £2m | £4m |
| Daniel James | Right Winger | 2029-06-30 | £0m | £4m | £1m | £5m |
| Dominic Calvert-Lewin | Centre-Forward | 2028-06-30 | £0m | £5m | £3m | £8m |
| Joe Gelhardt | Centre-Forward | 2027-06-30 | £0m | £1m | £2m | £3m |
| Joël Piroe | Centre-Forward | 2027-06-30 | £0m | £2m | £1m | £3m |
| Lukas Nmecha | Centre-Forward | 2027-06-30 | £0m | £2m | £1m | £3m |
| Mateo Joseph | Centre-Forward | 2028-06-30 | £0m | £1m | £0m | £1m |
Methodology and sources
Premier League SCR is estimated as squad costs divided by football income. Spending between 85% and 115% of football income attracts a financial levy on the overspend; crossing 115% brings a fixed 6-point deduction plus 1 further point per GBP 6.5m spent beyond the 115% capacity.
Squad costs use the club's accounts wage bill (all staff — conservative vs the League's player-and-coach definition), annual transfer-fee cost, and estimated agent, signing, loan and bonus costs.
Transfer fees are spread across contract life. Sales compare proceeds with remaining book value to estimate book profit or loss.
Revenue forecasts start from the latest filed accounts and committed club forecast, then split 2026/27 football income into matchday, broadcasting, commercial, UEFA and player-trading lines.
Old PSR is retained only as a 2023/24-2025/26 closeout layer. Owner funding can support the old loss allowance when available and capped, but it does not create new SCR revenue capacity.
Each public snapshot is generated from PSRwatch-owned JSON files after validation, with the last good snapshot kept if an upstream refresh fails.
Leeds United latest accounts extract (2024/25) - Accounts values are parsed from Companies House filings where available, then normalised into the committed full dataset.
PSRwatch 2026/27 squad-cost forecast - Forecast uses committed income, wage, annual transfer-fee cost and transfer assumptions with deterministic rule calculations.
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