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Last Updated: Wednesday, 12 January, 2005, 12:35 GMT
Leeds Utd 'spend �1.6m on agents'
Leeds chairman Gerald Krasner
Krasner said the outlay was essential to help the club clear its debts
Leeds managed to spend about �1.6m on agents' fees in just six months, according to the Yorkshire Post.

The Football League is due to publish figures on Thursday detailing the fees paid to agents in the past six months.

Football League chairman Sir Brian Mawhinney said the overall figure will be �5m, meaning Leeds' activities make up nearly one-third of the full amount.

"Those costs were incurred in sorting out the players that left," said Leeds chairman Gerald Krasner.

With Leeds seeking to regain financial stability after a period of rocketing debt, Krasner insisted the payments were a one-off expense to enable the club to offload several high-profile - and high-earning - players.

"We have saved many times over the amount spent on agents fees," said Krasner.

"Due to the one-off payments to agents, we have managed to reduce the annual wage bill from �43m to �18m.

"The amount spent on agents will be hugely reduced for the next six months."

The last time the Football League published figures back in July, the overall figure was �1.4m.





SEE ALSO
Krasner upbeat on future
09 May 04 |  Leeds United
Leeds top agents spending table
09 Jan 05 |  Football
PFA offers agent service
09 Sep 04 |  Football
League clubs eye agent regulation
01 Dec 04 |  Football
Fifa to probe Kewell deal
15 Jul 03 |  Liverpool
Row saddens Kewell
10 Jul 03 |  Liverpool
Transfer corruption 'rife'
30 Jan 04 |  Football


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