Premier League promotion from the Championship has become very important for some clubs like Leeds United over the last few years. This is because, the league gives you money for qualifying and eventually dropping back into the Championship.
The Whites secured their place in next season’s top flight after Sheffield United failed to get a result against Burnley on Monday. As a result, both Leeds and the Clarets will play Premier League football next season. Daniel Farke’s men could not have had a better day overall.
How much Leeds United will earn from promotion
The figures earned from being back in the top flight differ in some situations. Clubs receive parachute payments when they are relegated back to the Championship for a number of years. Teams who do make the top flight for the first time in the last few seasons get a different amount.
Finance Expert Kieran Maguire explains how much Burnley and Leeds will receive ahead of next season:
”…instead of receiving parachute payments of £35m and £16m next season Burnley and Leeds will both be picking up £110m plus in the Premier League. The parachute payments not being paid out will be divided by the 20 PL clubs.”
This means the white pocket in excess of a cool £110million for getting back to the top flight.
Leeds are expected to get a huge boost in the transfer market
The payment from the Premier League will not be the only source of funds this summer. Club Chairman Paraag Marathe recently mentioned that the club is prepared to establish themselves in the top flight. So Daniel Farke is expected to have a decent sized transfer budget this summer.
One of Leeds’ first summer signings could be Kalvin Phillips, who has heavily been linked this week.
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