The Premier League’s new partnership with Castrol will be welcomed by Leeds United, according to financial expert Kieran Maguire, reported by Football Insider.
The Lowdown: Castrol deal confirmed
Castrol will officially become a partner of the Premier League in January 2022, the latter confirmed on Wednesday.
Reports have suggested that it will be worth around £10m-a-season, with top-flight clubs set to receive a mid-season financial boost.
The fee will be a fraction of the Whites’ £34m commercial income for the previous campaign, with Castrol set to sponsor awards such as the Golden Boot, Playmaker Award and Golden Glove.
How many signings should Leeds make in January?
The Latest: Maguire reacts
Maguire was talking to Football Insider in regards to what the deal will mean specifically for Leeds. He admitted that Andrea Radrizzani will bring in £500,000 as a result, labelling it as ‘very welcome’ news.
“It’s £500,000 per club.
“You’d rather have it than not have it. It’s always a case of every little helps in a post-Covid world.
“Leeds’ wage bill will have been a lot higher than last season. It’s their second season in the Premier League and they have recruited over the summer.
“Players have also been afforded new contracts. Therefore, everything that counts towards that will be very welcome at Leeds.“
The Verdict: Every little helps…
£500,000 isn’t huge money when it comes to Premier League clubs, however, it will provide the Whites with a small boost, and as Maguire mentions, ‘every little helps’.
Whatever way you look at it, the £10m deal is positive news for Leeds, along with the other 19 Premier League sides.
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