Leeds Utd expects to record losses of just under £23m for the 2013-14 year after their revenue dropped to £25.3m and their wage bill climbed to more than £22m, reports the Yorkshire Post. According to draft accounts sent to the Football League but yet to be signed off by auditors or United's owner, Massimo Cellino, the Championship outfit are in breach of Financial Fair Play rules limiting clubs in the Championship to a maximum annual loss of £8m.
A breach carries the punishment of a transfer embargo in the January window.
