Leeds United safety net widens as Championship clubs agree on change that baffles Premier League
Championship clubs have agreed a deal which could prove to benefit Leeds United financially in a move that has confused the Premier League.
The Daily Mail has reported [8 May] that clubs in the second tier are now able to lose an additional £2.5million a year.
This will mean a £41.5m loss over a three-year period is allowed to be posted by Championship clubs.
Mike Keegan has suggested this has been done due to the cost of living crisis to replace a “Covid add back”.
Premier League teams have now shown their surprise given that the EFL are still seeking a payout in a “financial redistribution war”.
How could this safety net affect Leeds United?
According to The Athletic, Leeds posted a loss of £33.7m in the 2022-23 financial year despite selling players for a total of £73m.
The Whites were relegated from the Premier League, which saw them make £189.6m but run up an operating loss of £105m.
Selling some star names would have helped soften the blow, although it will have still taken its toll.
This saw them fall within the financial rules outlined by the Premier League and the EFL, meaning no risk of punishment.
With that being said, the Whites can be hopeful that this new rule that looks set to be introduced can benefit them moving forward.
This will allow them to be more financially secure should they remain in the Championship and the rule comes in.
However, this safety net may not impact them in the end as Daniel Farke will remain hopeful of promotion through the play-offs this month.
In other Leeds United news, the club’s play-off chances have now been predicted by a supercomputer.
For more Leeds news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.