Kieran Maguire: Leeds handed unexpected £35m transfer boost
Leeds United have approximately £35million extra in the transfer kitty than they originally budgeted.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about the Whites’ plans for the summer window.
According to data from Transfermrkt, Leeds spent just south of £100million last summer as they prepared for a first top-flight campaign in 16 years.
They proved good value for money and finished 9th with the third-best points total amassed by a newly-promoted team in the Premier League era.
Maguire explains that Leeds’ superb league position and popularity with broadcasters will give them a big leg-up in the transfer market.
“Leeds can certainly afford to spend more,” he told Football Insider correspondent Adam Williams.
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“They have had substantial financial developments. They finished 9th and probably budgeted to finish something like 16th.
“So realistically, they’ve got an extra £15-20m from that particular [prize money] pot. They were also chosen as the first picks for matches to be broadcast live on TV 24 times, so that’s an extra £14m.
“That’s because the first 10 picks are considered part of the overall deal and anything above that is an additional £1m per match.
“So we’ve automatically got around about £35m in the budget that they hadn’t originally budgeted for.
“The sponsors are very keen to get into bed with them too, so you’d imagine that Leeds will have a pretty good budget to work with this summer.”
Leeds’ latest set of accounts showed an overall loss of £62m for the last financial year.
Some financial damage will have been offset by the tie in with San Francisco 49ers in January.