"Doing a Leeds" is an English football phrase which has become synonymous with the potential dire consequences for domestic clubs of financial mismanagement, following the rapid demise in the 2000s of Leeds United A.F.C., a Premier League club that invested heavily to reach the semi-finals of the lucrative Champions League European competition, but in the process built up large debts. The club suffered a "financial meltdown" after failing to continue to qualify for the competition, and subsequently dropped down two levels of the football pyramid, into the third tier, Football League One, for the first time in their history.
