The move comes after League clubs voted to introduce rule changes relating to financial regulation, transparency of ownership and ground criteria.
Leeds, who are run by Ken Bates but have not said who owns the club, will have to publish names of their owners.
Premier League chief Richard Scudamore said the extra revenue would make a "huge difference" to Football League clubs.
"More importantly it will make planning for the future that much easier," he added.
The deal distributes some of the income generated by the Premier League to the smaller clubs - £2.2m per Championship club, £335,000 per League 1 club and £225,000 per League 2 club.
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Scudamore stated one of the main reasons was to allow clubs to plan for their financial future with a greater degree of certainty.
"The financial strength of the Premier League has always benefitted the entire English game, but we are taking the unprecedented step of formalising arrangements so that the solidarity payments and the alignment of rules - in some fairly critical areas - are linked," he continued.
"The Premier League clubs felt strongly that a stronger Championship would be greatly beneficial to both competitions.
"It is a fact of life that we welcome three of their number each season and helping make sure those clubs coming up are prepared - both on and off the pitch - for life in the Premier League was something we felt these measures would achieve."
And Scudamore was keen to point out it was not just a pay-off to the League clubs for taking on board some of the Premier League's rules on financial regulations and ground regulation.
"The rule changes have not just been a one-way street," he added.
"Where we felt the Football League's were stronger we adopted them into the Premier League Rule Book - for example the Owners and Directors Test now precludes anyone who has been banned by another sports' governing body or professional body.
"My firm belief is that a stronger, more closely aligned set of rules for the Premier League and Football League will serve English professional football well.
"Having common rules in areas such as player contracts, third party ownership of players, and public disclosure of club ownership is something we have worked towards for a number of years and we are pleased that the Football League have voted them in.
"The Football League solidarity package, combined with our new £6m funding of the Football Conference and our ongoing £15m per season commitment to the Football Foundation shows that we take our responsibilities to every level of the game very seriously.
"There is no other league structure in Europe that can boast such levels of redistribution.
"With such levels of investment and unity of purpose in Youth Development and financial regulation the long-term prospects for the English game - at every level - should be very positive."
Source: BBC Sport
Source: BBC Sport