Leeds United didn’t spend much at all this summer despite selling two of their key players as the majority of their big deals were loans.
However, that doesn’t mean that it wasn’t spent as Phil Hay has revealed that much of what Leeds got for Roofe has already gone, and it’s been completely wasted.
The Athletic’s Leeds United correspondent was hosting a Q&A session on the site, and one fan asked his thoughts on United’s choice to sell Roofe last summer.
Hay gave his view, and interestingly, he also revealed where much of the money received from the sale has gone.
“I’d have kept him. He was excellent in the main last season and progressed well under Bielsa. There was no way Leeds could match what Anderlecht were offering (it was a great move professionally and financially for Roofe) but they could have dealt with his dwindling contract far earlier. It was a mistake not to get him tied down and to reach a point where they felt they had to sell. Much of that money has gone on Nketiah unfortunately.”
We don’t know the details of the finances on Leeds’ deal to bring Nketiah to Elland Road, but how have they spent the best part of £7m on a loan deal that was cut short?
Nketiah was only at the club for a few months, so they can’t have paid that much in wages, which means there must have been a hefty loan fee involved.
This begs the question – why did Leeds sell Roofe in the first place?
His contract may have been running down, but spending much of the cash they received from selling the striker on another loan is pretty much the same as letting him go on a free at the end of the season.
If ever there was a reason to be angry with Andrea Radrizzani this is it. In short, this is just poor money management from the Italian.
The worst part is that they didn’t even greatly benefit from having Nketiah. He started just two league games during his time at Elland Road before going back to Arsenal.