Financial report: Leicester say they will continue to invest as club post £20 million loss
4 March 2020
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.
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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