The financial future of Leeds United looks far brighter under the ownership of 49ers Enterprises.
That is even more so after news that emerged on Wednesday (1 November), as the Whites are now in line to land a hefty windfall as part of a new arrangement set to be announced by the Premier League.
Mark Kleinman reported for Sky News (1 November) that a proposed £915million ‘New Deal’ for English football will go to a ballot later this month.
If ratified, the 72 EFL clubs would receive a share of that near-£1billion sum over a six-year period – starting with an initial £88m payment, rising to £190m in the 2028-29 campaign.
The report adds that there is “a mutual desire to conclude” the talks quickly, with an announcement set to be made after a shareholders’ meeting on 21 November.
Assuming there are no hitches, the 49ers will have additional funds to – hopefully – pump back into the club and help with the quest of getting the club back into the Premier League.
Once back in the top flight, the American backers will have substantially higher revenues to look forward to thanks in large to TV rights deals.
For now, though, the expected promise of increasingly larger payments year-by-year while Leeds are in the Championship will at the very least keep things nice and stable at Elland Road.
In their first transfer window since ousting Andrea Radrizzani, the 49ers showed they mean serious business. Now the hope is that they go again in January to further boost Daniel Farke’s mission of earning a swift Premier League return.
If Leeds do fall short this season, though, at least there is still a nice payment incoming for the owners to help offset any losses