Leeds United

Leeds United are entitled to a slice of an £83million Premier League payout – and they will earn more the higher up the table they finish.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Watford clinched promotion to the top-flight on Saturday.

They along with Norwich have climbed back to the Premier League at the first time of asking following their respective relegations in 2019-20.

That makes two years’ worth of their parachute payments redundant.

Maguire explained that the spillover money will be fed back into the Premier League pot, meaning Leeds are in line for a cut of £83m windfall at the end of the season.

He told Football Insider correspondent Adam Williams: “Clubs are entitled to a relegation payment after dropping out of the Premier League.

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“If they are not entitled to the relegation money, that money is then redistributed back into the central pot.

“That is then distributed between the 20 top-flight clubs. The way I presume it will be distributed is that it will be paid into the top-line.

“The clubs at the top will get a bigger share than the clubs at the bottom.

“A small amount will then filter back into the EFL because they are entitled to a fixed amount.”

Leeds are enjoying an exceptional season in their first top-flight campaign in 16 years.

Marcelo Bielsa‘s side are currently 9th in the Premier League table with just five matches left to play.

In other news, Leeds United urged to “go and get” ex-World Cup winner after major contract reveal.