Leeds set for financial boost as Premier League agrees new TV deal
The Premier League has announced that the existing TV deal will be rolled over for three more years in a move that will benefit Leeds United.
Sky Sports, BT Sport and Amazon Prime Video have agreed to host Premier League games for another three years, until 2025, per Sky.
That means domestic TV income has been preserved for Leeds and the 19 other clubs in the division, removing any risk of such income being reduced post-pandemic.
Domestic TV income for Leeds and PL clubs has been preserved at current level until the end of 24/25. Removes any risk of this income plummeting post-Covid. Government allowed PL to scrap standard tender process in light of the pandemic. #lufc
— Beren Cross (@BerenCross) May 13, 2021
The deal is an extension of the previous agreement made in 2018, and will see the three broadcasters once again pay £5.1billion to televise 200 games a season, as it did between 2019 and 2022 [BBC].
There is also an extra £100m of funding for teams down the football pyramid in light of the Coronavirus pandemic.
More money in the coffers
This is hugely positive news for the Whites and it means we will still be able to continue building under Andrea Radrizzani.
TV income is huge for every Premier League club, and this news is very encouraging ahead of the transfer window.
It is also appealing for future investors like the 49ers, whose own investment has been safeguarded somewhat by this news.
And the combination of the TV income and the 49ers investment should give us an upper hand in the transfer market.
Radrizzani spent big last summer and Marcelo Bielsa and the squad repaid the Italian by producing the goods on the pitch.
Hopefully, that means our owner is willing to do the same again in the upcoming transfer window, and if he is serious about reaching Europe then we can expect some big signings to arrive.
Leeds might not spend £100m+ again but we are expecting three new players, including a new left-back to be brought in.
Talking of £100m, the money put aside for EFL clubs down the football pyramid is a big step in the right direction.
In other Leeds United news, ‘Outstanding’ – Agbonlahor goes to war for Leeds amid unfair bashing from talkSPORT host.