Leeds United may be excluded as £130million EFL windfall set to be agreed
EFL clubs are on the brink of agreeing a £130million cash boost from the Premier League but Leeds United may not be in line to benefit as things stand.
According to Martyn Ziegler in The Times (14 September) the nine-figure “settlement” is on the cards after talks over the past year, with sources close to the deal indication agreement is “now in sight”.
A meeting with the top flight is due next Thursday (21 September), with EFL clubs then set to meet the following week, and the proposals are set to be worth close to £4million each to clubs near the top of the Championship as the money would be distributed based on league position.
According to The Times, this season each club in the second tier will receive solidarity payments of £5.19m from the Premier League, so that number would be close to double under the new agreement if it is sealed.
However, that does not apply to clubs receiving parachute payments, which Leeds United are one of have being relegated from the top flight this summer.
Smaller clubs in the top flight are reportedly “refusing” to give up parachute payments under the new system, so how that provision will work is still a matter of “disagreement”.
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In which case, if parachute payments do remain it appears likely that clubs in receipt of them would be excluded from the new money, given the increase would still be significantly less than the figure banked under that measure.
Clubs relegated from the Premier League currently receive £44m in the first year following relegation, £36m in the second, and £16m in the third, so if the Whites remain in the second tier that long it may be that they don’t see any of the new money until such payments have run out.
Given the new 49ers owners and manager Daniel Farke expect to be challenging for promotion at the first opportunity it should therefore be little issue if they are not beneficiaries of the mooted new agreement, but it may represent a faint silver lining if they are stuck in the Championship longer term.
In other Leeds United news, an Elland Road figure has been branded a “baby” and told to “grow up” over a recent controversy.