Leicester City have reported a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to over £215m. Despite making a profit in player sales, the club describes relegation as a disappointing decline.
Leicester City have reported a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to over £215m. It comes despite the Foxes, who were relegated at the end of last season, making a £74.8m profit in player sales . In the accounts, the club describe relegation as a "disappointing and unanticipated decline", having finished eighth, fifth and fifth in the Premier League in the previous three seasons.
The Championship club's chief executive Susan Whelan said: "After a sustained period of growth and success for the club during the last decade, the 2022-23 season was a significant setback, the consequences of which will be felt for some time. "We must now focus on rebuilding and seeking to return to and re-establishing ourselves in the Premier Leagu
Leicester City Loss Premier League Relegation Profit Player Sales
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Karcher's 'powerful' £89 pressure washer is compact enough for the smallest flatThe Amazon spring sale pressure washer is powerful enough to rid cars, driveways, patios and gardens of dirt, but small enough to be stored in any house or flat
Read more »
Leeds United rivals Leicester City hoping for triple boost ahead of pivotal Championship double-headerLeicester City are approaching Easter fixtures against Bristol City and Norwich City
Read more »
Leicester City slip up at Bristol City and Championship race takes a huge twistThe Foxes lost 1-0 to Bristol City meaning Leeds United stayed top of the Championship ahead of their game at Watford
Read more »
Leicester City have matched Man City after new announcementThe inside track on the football stories that matter
Read more »
Leicester Announces £89.7m Losses for 2022/23 SeasonLeicester City Football Club has reported losses of £89.7m for the 2022/23 season, the final year they were in the Premier League. The club is facing charges of breaching Profitability and Sustainability Rules, and the EFL has imposed a transfer embargo. Leicester is taking legal action against the Premier League and EFL. The club could face a harsher punishment if their failure to submit accounts on time is seen as a lack of co-operation.
Read more »
Leicester City Council systems shut down after 'cyber incident'Computer systems and phone lines are suspended as a precaution while an investigation takes place.
Read more »