Found this link on twitter for the accounts.
Summarises it well in a way even I can understand them better.
https://leedsunitedaccounts.wordpress.com/
Accounts summary
posted on 27/3/17
Matty, add to that the fact that he said the only thing preventing being it back was GFH contract and that once that is sorted he will buy it back....well, that's gone now, but as per usual gone back on his word.
posted on 27/3/17
So in addition to Bates raping our club to death, we have managed to find a bunch of necrophiliacs to take care of the corpse.
posted on 27/3/17
......don't sit on the fence GE- say what you mean!!
posted on 27/3/17
Jonty what does "Oh and the losses are estimated at £75mill." refer to, where did you see this? Did you mean the approximately £17m in the contingencies note?
posted on 27/3/17
The contingencies are actually closer to £19.5m!
posted on 27/3/17
JLA, I believe that Jonty is likely referring to past losses accumulated for tax purposes (section 11 of the notes on page 18).
posted on 27/3/17
Thanks middlesex. The irony of that item is that it is actually a positive.
Of course it is not good that the club has incurred losses totaling £75million over the years. But, it also means that, for tax purposes, the club has to have cumulative profits of that amount from June 30, 2016 until it has to pay any income taxes to HMRC.
posted on 28/3/17
Comment Deleted by Site Moderator
posted on 28/3/17
WTF, yes you can have losses brought forward (if it is the same limited company that incurred them)
posted on 28/3/17
Your wrong there Walsall
Be a long long time before Leeds united pay any corporation tax