Leeds United could miss out on an estimated £62.68 million in revenue by the end of the 2020/21 season if they’re promoted to the Premier League this season, according to business performance analysts vysyble.
The Whites are top of the Championship but have had their promotion put on hold by the delay to the EFL season, which has now stretched on for more than two months.
Reports earlier this week suggested that they may get the chance to secure their promotion and end their 16-year absence from the Premier League on the pitch.
However, having assessed the data, vysyble have suggested that the Yorkshire club’s return to the top flight may not provide “the transformative balance sheet experience, as perhaps hoped, in that crucial first season”.
Due to the current national and global circumstances, vysyble have predicted that the Whites could lose £9.4 million of their estimated revenue for the current campaign and £53.28 million for the 2020/21 season, if they’re in the Premier League.
— vysyble (@vysyble) May 14, 2020
That means promotion to the Premier League could result in £62.68 million in ‘lost’ revenue by the end of next season.
Taken into consideration in the calculation is the potential for readjusted TV fees and the money lost due to behind closed doors games.
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£62.68 million is an alarming amount of money to miss out on and this will likely make frustrating reading for Leeds fans.
Obviously, promotion to the Premier League remains the key target and will still bring with it a significant financial boost.
But the club and owner Andrea Radrizzani have put a lot into the promotion pushes over the last few years – it appears they may just have to wait a little longer to see the ‘transformative’ money they’ll likely have been hoping for.