Leeds United set to be beneficiaries as £40.1m twist emerges
Leeds United are beneficiaries of the parachute payments and will receive £40.1million for their second year, according to the Times.
The newspaper reported via its online edition on 25 October that parachute payments have risen by 10 per cent to record levels.
However, the Premier League is set to oppose any rules by the incoming football regulator to set the level of parachute payments.
Leeds United have to aim to get promoted back to the Premier League this season
The £40.1 million in parachute payments represents a critical financial buffer but also a strategic opportunity to aim for promotion back to the Premier League.
This substantial sum should be utilised well to maintain a competitive squad without succumbing to the wage inflation often seen in the Championship.
Leeds must focus on smart recruitment and make a few more signings in January, possibly targeting loans and perhaps giving higher salaries to enhance the team’s quality to get them past the final hurdle.
