Leeds United’s Premier League relegation is expected to cost the club around £100m in revenue. That’s according to football finance expect Kieran Maguire, who believes the Whites must prepare themselves for a significant blow when it comes to their income over the next 12 months at least, even with the advantage of parachute payments.
The Whites can expect to earn around £43m from their first parachute payment instalment, which is 55 per cent of what they would be in line to pick up in broadcast money had they managed to stay in the Premier League. That’s significantly more than what most Championship clubs will receive next season and, even without this summer’s potential takeover, Leeds should be one of the richest clubs outside the top flight next season.
But, they will still have to cut their cloth accordingly as they get to grips with life in the Football League. Relegation clauses in player contracts will help to cushion the blow in terms of wages, of course, while the club can expect some financial return in the form of player sales.
