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“No finance” – David Ornstein provides concerning Leeds United transfer update

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Leeds United are reportedly only going to be able to bring in a loan signing in the final days of the transfer window, with finances seemingly very tight.

Leeds have made more signings than most this summer, funded entirely by the sales of Kalvin Phillips and Raphinha, who joined Manchester City and Barcelona respectively.

There is still more that ought to be done in order for this window to be considered a complete success, especially with how injuries have played a part in the start of the season.

As per Transfermarkt, Leeds have brought in an impressive £97.15million through the sales of Raphinha, Phillips, and Leif Davis, while their seven transfers have come at a cost of £95.08million, giving a £2.07million profit as things stand.

With the club using outgoings sales so far to spend on signings into the club, there hasn’t been any of the club’s revenue put towards signing anyone on top of this.

The €40million bid for Charles De Ketelaere does suggest the club have the funds there, should the perfect deal become a possibility.

Will Leeds sign a forward before the deadline?

Yes

Yes

No

No

However, The Athletic’s David Ornstein has now shared a damning claim around Leeds’ finances heading into the last week of the transfer window.

Speaking on The Athletic Football Podcast, Ornstein stated:

“Everything we’re hearing from Leeds is that there’s no finance available to do incoming business, so if they were to, I’d presume it would have to be a loan.

“I don’t know of anything being imminent, I’ve heard a few names around the midfield/attack department, haven’t heard so much recently at left-back.

“They were one of the clubs strongly in for Cody Gakpo, but the level of finance it would take now would presumably be unrealistic, especially because they decided against cashing in on Jack Harrison, who has been the subject of two offers from Newcastle United, one was up to £20million, the second was in excess of £20million.

“So they had the option there to trade, but they haven’t done so, so far. Leeds are always one you can see doing some manoeuvring but I don’t think it’ll be for great finance by the sounds of it.”

I don’t understand how we have literally zero finance available to make signings without making another sale.

We put down a club-record offer for De Ketelaere, so there is money there, we’re just not willing to spend it on anyone else.

The club cannot view this window as a complete success if they neglect to sign a new striker, knowing what troubles we had last season without signing one.

The fact that left-back is being completely ignored is a shambles too, given what we saw yesterday from that position in the under-21s.

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Leeds United season ticket holder since 2013/14, currently situated in the middle of the FA5 noise. From Pablo Hernandez to 5-1 drubbings, I've seen it all at Elland Road.