Simon Jordan shares Leeds United and 49ers verdict in Premier League argument
Jim White revealed that the Whites received about £44 million to help them acclimate to the Championship following their relegation from the Premier League the previous season.But according to Sky News, the Premier League has summoned a “emergency” meeting to talk about allocating money more fairly across the football pyramid.
Jordan made the following statement while speaking live on talkSPORT on Thursday, February 22, at 11:12 a.m.: “The fact that Leeds United, a team with enormous crowd support and wealthy owners, and Leicester, the Premier League champions, are able to manage their wage book while selling some of their assets.”It’s not a dispute over parachute benefits. It’s actually a dispute over how money is distributed within the pyramid.
“It’s obvious that the parachute payment can be decreased if the distribution is increased to give everyone in the Championship, League One, and League Two more money because the difference isn’t as great.”
Leeds United could miss out on new Premier League deal
Leeds may not receive a portion of the £925 million windfall distributed across the four divisions if the new agreement is approved; instead, the club’s chances of winning promotion to the Premier League will increase significantly.
Leeds would not want the Yorkshire team to leave the Championship in order for them to gain anything from this transaction.
Leeds must win promotion before any modifications are made, taking into account Jordan’s key argument that the parachute payments could be decreased if the distribution throughout the Championship, League One, and League Two were more equitable.
Sitting in second in the division, nine points behind league leaders Leicester, equal on points with Ipswich Town, and two points above Southampton, Leeds are in prime position to achieve that goal before any changes are made to their current parachute payments.
Naturally, even in the event that they were not promoted and a new agreement was made, it is improbable that their finances would be altered because it would be quite unjust to deprive them of their promised money right away.
If not, Leeds and the 49ers would find themselves in a very difficult predicament.
