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Sun journo: Leeds could receive seven-figure payout after PL talks on 'big big issue'
Leeds United could receive payout of £6.6 million after Premier League clubs were asked to provide financial support to the EFL, according to The Sun journalist Alan Nixon.
The ongoing Coronavirus pandemic has thrown the English game into financial disarray, with clubs outside of the top flight facing particular pressures.
But Nixon has suggested that Premier League clubs have been approached over the prospect of banding together to deliver a £200 million bailout to their lower league counterparts.
Writing on his personal Twitter account, he said: “Premier League.
“Being asked to give £200m to EFL. £10m per club.
“That’s £6.6m per Championship club, £1m each for League One, £666k for League Two. One-off money.
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“Issues over those with parachute payments. And Prem want ‘something back’ out of it. Big big issue.”
Premier League. Being asked to give 200m to EFL. 10m per club. That’s 6.6m per Championship club. 1m each for League One. 666k for League Two. One off money. Issues over those with parachute payments. And Prem want ‘something back’ out of it. Big big issue.
— Alan Nixon (@reluctantnicko) May 24, 2020
In truth, Leeds United could probably get away without having to take a payout from the Premier League.
The Whites are not only one of, if not the, biggest club outside of the top flight, but they look fairly certain to secure promotion this season – and we all know the financial boost a spot in the Premier League inevitably brings.
But in principle, on the whole, this is a good idea.
The pandemic has the potential to be ruinous for lower league clubs, and it makes little sense for those with money to hoard their wealth while others are faced with the very real threat of going under.
As recently as Friday, MP Damian Collins suggested that as many as 10 clubs are in danger of going bust in a matter of weeks.
If they can be saved by a one-off payment from the Premier League then it is surely the right thing to do.
The only concern is that Nixon claims top flight clubs are asking for “something back” out of the deal.
What that could be isn’t clear right now, but you would hope that the demands are reasonable, and don’t place an undue burden on vulnerable teams in a time of crisis.
In other Leeds United news, Sky Sports pundit delivers Leeds verdict after club handed ‘bizarre’ choice.