Financial report: Leicester say they will continue to invest as club post £20 million loss

4 March 2020

Vardy
Photo: PA Images Leicester made an operating loss of £74.9 million last season, a £40.3 million increase.

Squad investments resulting in higher wages and amortisation expenses were the main drivers behind the club's loss, Leicester's just-released financial statements for last year reveal.

The club were reliant on a significant profit on player sales to offset increasing operating expenses.

Leicester have invested £47.2 million in their training ground and stadium since the end of the financial year.

Commercial income rose - a positive sign that the club are expanding internationally.

Emil Gjerding Nielson nielson@offthepitch.com

Leicester will continue to invest their growing revenues back into the club, with the ultimate goal of becoming a regular in European competitions, the club said upon releasing their financial results for last season.

Recording a pre-tax loss of £20.2 million (down from a profit of £1.6 million), the club said they were entering "into the next phase of King Power's [the club's owner] vision with a renewed commitment to reinvesting growing revenues back into the club." 

The club continues to aspire to challenge the 'Big Six' clubs

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