Leeds United face paying £18.4million in transfer add-ons, according to the club’s newly-published accounts.
The Yorkshire giants’ latest financial results announced a mammoth pre-tax loss of £62.4m for the year ending July 2020 while it also highlighted the cost of spending to get in the Premier League as well as to stay there.
In addition to a £35.3m bonuses bill payable to players and management for retaining their Premier League status, Leeds must also fork out transfer top-ups.
The accounts detail that this amounts to £18.4m of future payments that are “payable dependent on the club’s retention of Premier League status and/or player appearances”.
Given that the cost of transfer top-ups for the previous year amounted to £5.3m, it is clear these add-ons come from the big-money signings of last summer.
Leeds paid a club-record fee to Valencia for Rodrigo and also spent big on Raphinha, Diego Llorente and Robin Koch.
In addition, United converted the 2019-20 loan signings of Helder Costa and Illan Meslier into permanent deals at a combined cost of £20m.
Those six big-money recruits are certain to make up the majority of the future payments cost that adds to the bonuses bill.
The combined near-£54m cost is a price Leeds will happily be willing to pay.
The value of remaining in the Premier League is at least £100m in broadcasting windfalls as well as massive commercial and merchandising top-ups.
Leeds ended the weekend 11th in the Premier League after registering their 13th league win of the season on Saturday, 2-1 at home against Sheffield United.
Marcelo Bielsa’s side have 42 points, well past the 40-point mark considered the maximum needed to avoid relegation.