Leeds United could receive share of £925m windfall as ’emergency’ Premier League meeting called

According to Sky News, the Premier League held an emergency meeting to finalize a fresh financial settlement with the EFL, and Leeds United may stand to gain a portion of the £925 million windfall.

On February 20, the newspaper said on its website that Premier League clubs will be gathering the next week to finalize an agreement that will be submitted 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.

In addition, as per the agreement, the EFL’s broadcast rights revenue will increase in direct proportion to the Premier League’s, which nearly always reaches record highs [The Athletic, August 25]. The Premier League arrangement provides the vast majority of revenue for the extremely wealthy top division teams.

Naturally, for Leeds to benefit from this arrangement, they would need to be in the Championship when it starts, which would not be ideal for the team presently holding the second automatic promotion spot.

Actually, Leeds would probably be on the losing end of the arrangement and have to pay the EFL instead of getting the windfall if they were promoted during that period.

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.