Winner takes £140m. Leeds and Saints battle for the richest prize in football

Source link : https://soccernews.info/2024/05/24/trending-news/winner-takes-140m-leeds-and-saints-battle-for-the-richest-prize-in-football/

May 24 – Dubbed the richest match in world football, this Sunday’s Sunday’s Championship Play-Off Final for a place in the Premier League between Leeds United and Southampton will be worth a minimum £140 million to the winner, according to analysis by Deloitte’s Sports Business Group.
That number could rise to more than £305 million if the winner avoids relegation after their first season in the Premier League.
Leeds and Southampton were relegated last season along with Leicester City who won the Championship and return to the Premier League along with Ipswich Town, who haven’t played in the Premier League since the 2001/02 season.
Sheffield United, Burnley and Luton Town were promoted to the Premier League last season, but all three are returning to the Championship after just a year.
The Deloitte calculations are based on projected increases in matchday, broadcast and commercial revenue.
The parachute payments that play-off finalists Leeds and Saints stand to receive, should they remain in the Championship for the 2024/25 season, reduces the revenue uplift associated with promotion.
In contrast, automatically promoted Ipswich Town, who are not in receipt of parachute payments, can expect a revenue uplift of at least £200 million.
Tim Bridge, lead partner of Deloitte’s Sports Business Group, said: “This weekend, Wembley hosts the match with the most lucrative prize in world football… The prize however is not as significant as it has been in previous years, with both sides having recently felt the benefits, including the financial reward, that come with playing in the topflight. Two clubs bolstered by parachute payments are competing in the play-off final for the first time since 2011/12, marking only the second time this has happened since the turn of the Millennium.
“With three of the top four finishing Championship clubs in receipt of parachute payments, the debate over financial distribution across English football and its impact…

Source link : https://www.insideworldfootball.com/2024/05/24/winner-takes-140m-leeds-saints-battle-richest-prize-football/

Author : Paul Nicholson

Publish date : 2024-05-24 04:13:20

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Author : soccernews

Publish date : 2024-05-24 04:26:41

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