Leeds United's Premier League promotion could pocket them around £200m

Leeds United could get a £200m jackpot from their Premier League promotion Credit: PA

Leeds United could be competing to buy some of the world's top players after joining the Premier League's rich set.

Football finance experts claim that promotion to the top flight could be worth around £200m to the club.

And that might give coach Marcelo Bielsa more financial clout in the transfer market to cement Leeds' place back in the top flight.

Bucket list - Leeds boss Marcelo Bielsa could be drawing up his transfer targets Credit: PA

Dr Rob Wilson, football finance expert from Sheffield Hallam University, says promotion should bring up to £140m in the first season for the club.

And even if Leeds are immediately relegated, they will still receive £70m in "parachute payments", guaranteeing the club over £200m.

Accountants Deloitte says the Premier League riches given to newly-promoted clubs is aimed at helping them compete with established sides.

They calculate that the amount of cash Leeds could get could increase to £290 million over a five-year period if they avoid relegation in their first season.

Promotion to the Premier League provides clubs with the financial resources to make strategic investments… given the relatively equal distribution of revenue amongst Premier League clubs, it provides promoted clubs with a chance to avoid relegation when they get there.

Sam Boor - Deloitte's Sports Business Group

As well as transfer targets, it also means the club might be able to keep hold of their prized assets like Kalvin Phillips and Tyler Roberts.

Kalvin Phillips - One of Leeds' coveted stars Credit: PA

But football writer Phil Hay says the biggest signing of the close season will be tying down coach Marcelo Bielsa to the club.

He says he will be crucial for moulding Leeds into a Premier League club. And he says it is remarkable to look back at the transition since he arrived at Elland Road.

Speculation about the coming and goings at the club will rage on throughout the close season - but with the financial clout Premier League status brings, Leeds will be able to compete for some of the world's best.