Leeds United’s squad and staff will not be in receipt of a cumulative promotion bonus worth £21.8 million following their play-off final defeat
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A contingency outlined in the club’s most recent set of accounts reveals the sum Leeds will no longer be liable to pay after Sunday afternoon’s loss to Southampton.
United’s bonus structure worth close to £22 million in the event of promotion no longer applies, while a sum in excess of £6 million owed to other clubs in add-ons is also no longer payable, at this time.
“Under the terms of the financial provisions relating to transfer of player registrations, future payments of up to £6,456,484 may be payable dependent on the club’s promotion to the FA Premier League status and/or players appearances for the club. Promotion to FA Premier League status may also incur bonuses payable of £21,857,912 conditional on the performance of both players and football management throughout the 2023/24 season.”