Leeds United boss Marcelo Bielsa has been handed a major boost as some exciting news emerges from Thorp Arch about the club’s finances for the summer’s transfer window.
The Whites enjoyed a superb end to the Premier League season, reeling off four wins in a row and climbing up the table and into the top ten. And that late run of form may have handed Bielsa a major boost, according to finance expert Kieran Maguire.
He said to Football Insider: “Leeds can certainly afford to spend more. 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.”
With the Premier League’s prize money divvied up based on a team’s final finish, and scaling up for every place you end up higher, Leeds’ late flurry of victories has had a massive impact on the club’s finances for this summer.
As Maguire says, the fact they leapt up the table into ninth has given them an “extra £15-20m” based on that Premier League finish alone – after match-day 30, they were in 11th, with Crystal Palace and Southampton all within a couple of wins behind them.
Then, when you take into account the kind of money they should be getting for being selected as part of the TV coverage, things are looking very exciting for Bielsa and his plans for the summer transfer window.
Maguire himself thinks that Leeds should have around £35m more than they originally budgeted for, and when you think that sum of money is actually significantly higher than the club-record £26m they paid to sign Rodrigo, and you can see just how game-changing that could be.
Bielsa will surely be buzzing with Maguire’s claim and insight, as will the Leeds supporters who will be keen to see their club make a splash in the transfer market this summer as the Yorkshire side look to push on from an excellent first season back in the top flight.
If Leeds do have more money available than they’d budgeted for, as Maguire suggests, then their chances of getting more transfer business completed this summer will surely have increased, and that’ll be music to the ears of the club’s loyal supporters.