May 30, 1916
The financial statement of the Leeds City Football Club for last season, approved at a meeting of the directors, held last night, shows that the total income amounted to £2,662 16s. 2d.
The gate receipts were £2,866 6s. 1., out of which £710 19s. 1d. was paid to other clubs and to the League fund. After all payments, adjustment of salaries, etc. had been made, the net profit on the season’s working was £673 17s. 11d.
The principal items of expenditure included £525 travelling expenses, £129 home match expenses, £337 rates, taxes, insurances, and telephone charges, and £93 advertising, printing, etc.
The club has also distributed in charities £329 10s. 3d. of this sum £60 18s. 9d. was the second allotment from the League, and the directors last night allocated this as follows: –
£45 3s. 9.d to the Leeds Infirmary;
£10 10s. to the Grand Duches’ Hospital, Harrogate; and,
£5 5s. to the Leeds Night’s Nurses’s Home.
Out of the profit of the season it was decided to pay £500 on account of the indebtedness for players to the liquidator of the old company.
(Source: Yorkshire Post and Leeds Intelligencer: May 31, 1916; via http://www.britishnewspaperarchive.co.uk) © 2018 Findmypast Newspaper Archive Limited