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Comparative: Leeds United’s wage bill vs Championship rivals as three relegated sides drop

Comparative: Leeds United’s wage bill vs Championship rivals as three relegated sides drop

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Former Leeds United chairman Peter Ridsdale recently hit out at the current disparity between the Premier League and the EFL in terms of finances, using the Whites’ wage bill as evidence that change is needed and is still a strong wage bill this season.

Last season in the Championship saw Ipswich Town break the pattern of the three relegated sides returning straight to the top flight, but their anomalous season did not take away from the comparative strength of the teams at the top.

Those outside that group don’t feel there is a level playing field, even with the PSR dictating each club’s movement quite strictly.

Peter Ridsdale tackles the wage gap between Preston and Leeds

Speaking on BBC Radio 5 Live in early 2024 (via LeedsLive ), former Leeds chairman Peter Ridsdale was unhappy that there was no offer on the table for EFL teams from Premier League clubs to see revenue TV filter in the lower levels.

Such a difference between clubs at the top of the pyramid and those that didn’t have that chance, such as Ridsdale’s current club Preston, was highlighted as he used the parachute payments of Leeds, Leicester and Southampton as examples.

He said this:

“All we want is to make sure we have a sustainable and competitive EFL and obviously you see the cliff edge between the Premier League and the Championship with the parachute clubs going down, getting something like £50m in the first year and £40 million. odd in the second year, being relegated.

“We have teams at the top of our division paying five times more wages than (Preston) and that shows because they are at the top of the Championship – and they are doing it on the basis of parachute payments coming down from the Premier League.

“The top three teams are Leicester, Leeds and Ipswich, then Southampton are fourth. Three of the four fell last year and received parachute payments. If we don’t keep it competitive and sustainable, then English football is over.”

In comparison: Leeds’ wage bill against the rest of the Championship

There is little argument to be made against the fact that recently relegated teams have an inherent advantage in their ability to spend more than their rivals who have been in the EFL for years, and that shows in wage costs.

According to Capology, Leeds are still leading the wage bill for this season, even if the wage cuts following relegation have apparently not been fully factored in:

Championship 23/24 wages
Club Annual payment statement
1. Leeds United £41,028,000
2. Burnley £35,324,000
3. Sheffield United £21,450,000
4. Luton town £20,015,000
5. City of Norwich £17,850,000
6. West Brom £17,230,000
7. Cardiff City £15,132,000
8. Watford £12,086,000
9. Stoke City £10,580,000
10. Middlesbrough £10,414,000
11. City of Bristol £10,204,000
12. QPR £10,138,000
13. City of Swansea 10,000,000 pounds
14. City of Coventry £9,762,000
15. Blackburn Rovers £9,222,000
16. Sheffield Wednesday £8,968,000
17. Preston £8,489,000
18. City of Hull £8,774,000
19. Sunderland £8,556,000
20. Millwall £7,492,000
21. Plymouth Argyle £6,150,000
22. County Derby £5,104,000
23. Portsmouth £4,292,000
24. Oxford United £3,537,000
Salary costs may change with transfers in and out

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