Financial Forecast: Leicester City set to post first loss since 2014

26 September 2019

Leicester City
Photo: Getty Images For the first time since promotion to the Premier League, Leicester City are set to post a loss. Here chairman Aiyawatt Srivaddhanaprabha who is part of the owner-family.

Despite growing turnover, we expect that Leicester will post a loss in their annual accounts for 2018/19, mainly due to increasing wages and player amortisations.

Here are Leicester City's 2018/19 finances predicted.

Magnus Albertsen, analyst contact@offthepitch.com

Since promotion in 2014, Leicester City have seen strong growth in their revenue as well as their profits. As a consequence of winning the Premier League in 2015, Leicester participated in the Champions League and thereby got a piece of the UEFA payments. That led to a record-breaking pre-tax profit of £92.5 million in 2016/17.

Despite not playing in the Champions League or Europa League, and having acquired Kelechi Iheanacho, Adrien Silva and Vicente Iborra for a significant amount of money, the Foxes still managed to produce a profit of £1.6 million in 2017/18.

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