Phil Hay deploys The Athletic's transfer calculator to work out, along with Dan Moylan and Michael Normanton of The Square Ball, where Leeds United spent their money wisely - and not so wisely - over the years. Is Raphinha the best value deal they've ever done?
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What a waste of money!

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The Athletic's Phil Hay joins Dan Moylan and Michael Normanton to bring you expert insight into the goings on at Leeds every single week. Subscribe for Phil's expert insight, breaking news and entertaining discussion.

What a waste of money!

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