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Leeds United could lose £100m MINIMUM if promotion to Premier League is scrapped

  /  autty

The coronavirus crisis has the domestic football season teetering on the brink of cancellation and clubs up and down the country are facing huge financial struggles.

All of the bodies involved in the domestic game are trying to find a way they can return to action in a safe environment as they look to complete the campaign and spare themselves from further financial losses.

Premier League clubs reportedly face losing out on £762million from broadcasters Sky and BT if their season isn't concluded, while clubs may also be at risk of missing out on prize money - as well as match-day income - if it is voided.

But there could be even more woe further down the football pyramid. Teams in contention for promotion stand to be much more financially secure if they can move up a division in the final few weeks of the season.

Coming up from the Championship to the Premier League can be as worth as much as £100m while rising from Leagues One and Two can open doors to much healthier bank balances too.

So, while most of the attention is focused on what Premier League clubs have to lose, Sportsmail has looked into what riches clubs in the Championship, Leagues One and Two and the National League could miss out on.

The Championship

One of the issues surrounding a possible return for the Premier League is the attitude of clubs at the bottom of the table battling for relegation to be scrapped.

EFL chairman Rick Parry insisted in a call with the Government's DCMS committee last week that they fully expect three teams to be relegated and three to be promoted to the top flight.

Leeds and West Brom look likeliest to secure the automatic places in the Championship with a cushion of seven and six points respectively from third-placed Fulham.

They would be the most aggrieved if the season were voided, given the vast sums of money that await even the most terrible of Premier League teams.

In 2018-19, each Premier League club reportedly banked an equal sum of £79.4million, and lucrative additional rewards were paid to each club based on prize money for finishing league position and the number of televised matches each had had.

Even Huddersfield, who finished bottom of the table with a miserable 16 points, took home £12.3m from their eight televised matches and secured £1.9m in prize money to give them total earnings for the season of £93.6m, according to Planet Football.

However, a team of Leeds' stature would be more than confident of being shown on TV more than eight times over the course of a season so they could expect to earn even more on their long-awaited Premier League return.

Total earnings rose to £98.8m for 19th-placed Fulham and £99.6m for Cardiff in 18th.

Another major potential loss facing clubs up and down the country is the huge number of players who are set to leave due to their contracts ending on June 30, and who would need some sort of short-term extension if the season gets back up and running again.

Of those teams in the hunt for automatic promotion or the play-offs, Leeds have seven out of contract at the end of next month while West Brom (12), Fulham (10), Brentford (2), Nottingham Forest (11) and Preston (8) are all facing contract issues.

Luton and Sheffield Wednesday, two teams in the bottom half of the table, have a staggering 17 players each out of contract on July 1.

League One

There is also an enormous step up in the financial benefits on offer from teams gaining promotion from League One to the Championship.

As it stands, Coventry City are poised to take a major step in their effort to return to the top level of English football. They sit seven points clear of third place in League One with a game in hand.

The situation is not as clear cut underneath them though. Rotherham currently occupy the second automatic promotion place but are just two points ahead of the chasing pack.

In fact, just three points separate them from eight-placed Wycombe so the race for promotion in the third tier is particularly tight.

Championship clubs receive the same fixed amount from their TV deal as well as a solidarity payment, a fee given from the Premier League to clubs who are not eligible for the much-maligned parachute payments, given to clubs who have recently suffered relegation from the top flight to help with the financial blow.

At the start of the 2018-19 season, it was reported that each Championship team received a basic £2.3m plus a £4.6m solidarity payment - £6.9m in total.

In November 2018, the EFL agreed a new TV deal with Sky Sports worth £595m, which kicked in at the start of this season.

The deal, which is in place until May 2024, represented a 35 per cent increase on the previous contract, so clubs earn even more now.

That extra revenue will be needed after Sportsmail recently reported that the average basic pay for a Championship team's highest earner is £1,509,564 a year, a staggering £29,000 a week.

The player on the most — who plays for a southern club — is on £3,536,000 — which works out as £68,000 every seven days.

The number of contracts entering their final few weeks in League One is currently even higher than in the Championship and is something clubs will need to consider.

League leaders Coventry have 13 first-team players out of contracts on June 30 while fellow promotion contenders Rotherham (10), Oxford (13), Portsmouth (9), Fleetwood (11) and Peterborough (9) will also have their players' futures to get sorted.

League Two

The battle for promotion at the top of League Two is the tightest throughout the Football League.

One points separates the top three of Crewe, Swindon and Plymouth but there is a three-point cushion to Exeter, who sit in the first of the four play-off places.

Exeter, Cheltenham, Colchester and Northampton are currently in the play-off spots but the battle for the fourth looks likely to come down to a three-way tussle between the latter, plus Port Vale and Bradford.

And while the financial bonuses that come from promotion to League One are nowhere near as high as for promotion to the Championship, they would still provide a club's balance sheet with a healthy boost.

As of May 2018, every League One side reportedly received a basic amount of £732,000. That was accompanied by a solidarity payment from the Premier League of around £700,000 for this season, making a sum of over £1.4m.

In addition to that amount, League One clubs can also benefit to the tune of £30,000 for hosting a game on Sky Sports while the away team earns a fixed amount of £10,000.

The same report that revealed the high spending on salaries by some clubs in the Championship also found that in League One the highest earner at each club is on average paid £247,188 (£4,753 a week).

The scale of the turnover of players in League Two becomes clear when you look at the number of players approaching the end of their contracts.

Stevenage, currently sat bottom of League Two, have a remarkable 34 players out of contract at the end of next month.

But it is not just teams down the bottom facing this problem with promotion hopefuls Plymouth (25), Exeter (27) and Northampton (24) all staring at huge problems.

National League

National League leaders Barrow are perhaps the team most concerned about how the rest of the season will play out.

They sat top of the National League by four points after 37 games and Ian Evatt's team were hoping to return to the Football League for the first time since being relegated from the old Fourth Division 48 years ago.

The National League season was cancelled some weeks ago now and Barrow still have no idea whether league positions will stand or the whole season will be declared void.

A key vote on the matter is pencilled in for next week and if it goes their way – and the EFL approve it - Barrow can expect to be promoted to take the place of Bury, who went bust last winter.

National League clubs get £85,000 per year for playing in the competition but in the Football League they would earn a minimum £1m per year.

As of May 2018, a League Two team reportedly received a basic amount of £472,000 on top of their solidarity payment of £470,000.

Clubs can also earn extra income if they are picked to be broadcast live on TV, although that happens infrequently for clubs in the fourth tier.

The average salary of the highest earner at League Two clubs is £114,020 (£2,192), some way off the average wage of Barrow at £700 per week

Related: Leeds United