Leeds United could receive share of £925m windfall as ’emergency’ Premier League meeting called
Leeds United could be set to receive a share of a £925million windfall after the Premier League called an emergency meeting to finalise a new financial settlement with the EFL, according to Sky News.
The newspaper shared via their website on 20 February that Premier League clubs are set to meet next week to thrash out a deal that can be presented to the 72 Football League teams.
This deal would cost Premier League clubs between £837million and £925million over the next six years in payments to the EFL, something Leeds could benefit from, if they aren’t promoted.
Leeds United could be set for Premier League windfall
With the money to be divided up between all EFL clubs, and a percentage of the TV deal reportedly coming on top of the payments, this would be a landmark deal between the football leagues in England, with smaller clubs to benefit most.
As well as this, the deal means that the money from EFL television rights will rise directly in line with the Premier League deal, which hits record highs almost every year [The Athletic, 25 August] and is the majority source of income for the mega-rich top-division clubs.
This, of course, would require Leeds to be in the Championship when the deal begins, which would be far from an ideal situation for the club that currently occupies the second automatic promotion place.
In fact, if Leeds are promoted during that time, they would likely be on the other end of the deal, giving money to the EFL rather than receiving the windfall.
As well as that, the deal is still yet to be finalised among Premier League clubs who have opposed the deal due to the finances involved, so the situation remains ongoing.
In other Leeds United news, Victor Orta wants to sign Willy Gnonto.
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