Finance Expert: Leeds United likely to pay Jean-Kevin Augustin cost in instalments if legal battle lost
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Leeds United...
Dan Plumley has insisted that Leeds United will likely pay RB Leipzig in instalments for Jean-Kevin Augustin as they get set to lose their appeal over the transfer of the striker.
It comes after Football Insider reported on 27th October that the Whites are set to lose their £18million appeal at the Court of Arbitration for Sport.
The Finance Expert admitted that it will not be a “massive cost” due to the £150million annual revenue coming into the club through the Premier League.
“I would expect that to be in instalments,” he exclusively told MOT Leeds News.
“I’ve not seen the legal details of the case, I don’t know whether it’s specified or not, but I think, we know that transfer fees work in a similar way at the moment.
“It’s unlikely for big fees that you pay upfront nowadays, so it makes sense if you have this unforeseen cost here, then as a club, Leeds United will be pushing to get that in instalments, so it just covers the hit a little bit and it’s spread out over time.
“My guess would be we will see that in instalments. If you look at their revenue at the minute, it’s pushing £150million since they’ve been back in the Premier League so it’s not a massive cost but one you would look to have avoided.”
This was always coming despite the appeal being lodged to CAS.
As well as the £18million fee being due, there is also £300,000 added in interest with the case spanning on for nearly three years now at Elland Road.
Andrea Radrizzani will need to cough up, but the likely push to have it in instalments will mean that it should leave too much of a dent in the yearly accounts.