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Leeds have to sell - Ridsdale

Leeds chairman Peter Ridsdale has revealed the club expect boss David O'Leary to make money on transfer dealings this summer. Leeds United PLC's interim results were published today and show a significant loss of £13.8m for the six months to December, after the purchases of Robbie Fowler and Seth Johnson.

The Elland Road chairman expects O'Leary to sell - with the Irishman's profit target depending on which European competition Leeds qualify for. "We would expect a net income from transfers this summer. Clearly re-qualification for European next season is a significant element," Ridsdale said.

Filed by Sinéad Kissane

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