Leeds pay price for missing Champions League

Leeds United PLC today unveiled pre-tax losses of nearly £34m (€54m) in results described by chairman Peter Ridsdale as “very disappointing” - although the figures do not include the summer sales of Rio Ferdinand and Irish international Robbie Keane.

The Elland Road club’s failure to qualify for the Champions League for the second year running, plus their disappointing second half to the 2001-02 season, has cost them dear.