Kieran Maguire salutes Leeds United as £48m payout is now almost certain
Leeds United are smart to “future-proof” themselves through a player payment system that incentivises Premier League survival.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Whites’ recently published annual accounts.
The figures, which were posted to Companies House on Wednesday (6 April), showcase a profit of £25million for the year ending 31 May 2021.
The accounts also show that a payout to players and staff of £48m will be due if Leeds beat the drop this season, on top of their £108m wage bill.
The West Yorkshire club shelled out £35m after they ensured survival in 2020-21, their first campaign in the top flight for 16 years.
Maguire hailed the Leeds decision-makers for their approach to player remuneration.
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“They are trying to future-proof themselves against the seismic impact that relegation can have,” he told Football Insider‘s Adam Williams.
“Players are paid a handsome salary but they also have the added incentive to avoid relegation.
“Radrizzani and the 49ers are looking to stay in the Premier League for the long-term.
“Avoiding relegation is worth £100m to £120m in TV monies depending on where you finish, so it makes financial sense for this to be in place.“
Leeds are only the second Premier League team to post an operating profit for the 2020-21 campaign.
Jesse Marsch’s side are currently 16th with nine games left to play, with a four-point gap on the bottom three.