Leicester City Post £ 19.4 million loss in the winning season of the championship
Leicester recorded a loss of £ 19.4 million in their accounts for 2023-2024 – the season they spent in the championship.
The latter losses are significantly reduced compared to £ 92.5 million deficits in 2021-22 and £ 89.7 million in 2022-23, which led the foxes to be charged by the Premier League for an alleged violation of the profits and rules of sustainability (PSR).
Leicester successfully appealed this accusation, By arguing that, as they were in the EFL at the time of the accusation, the Premier League had no jurisdiction to punish them.
However, there is still a certain degree of uncertainty that Leicester will face a PSR commission for the three-year period until 2022-23 from the EFL, with a declaration of the Premier League in January that the question of “jurisdiction” was “the subject of reserved arbitration proceedings”.
It is unlikely that the result is known before the foxes – which are 12 points from high -level security – find out which division are next season.
The Premier League clubs can lose 105 million pounds in three years, which is reduced by £ 22 million for each year in the EFL, with Leicester who won the title of the championship in 2023-24.
Based on EFL rules, clubs cannot exceed £ 39 million losses in a three -year cycle. If Leicester is again relegated to their maximum loss for their subsequent accounts to include 2024-25 would be £ 83 million, taking two seasons in the Premier League and one in the championship.
The transfer of £ 38 million Harvey Barnes to Newcastle and the transfer of £ 15 million Timothy chestnuts to Fulham in 2023 are included in their 202-24 accounts, while the compensation of £ 10 million waged from the passage of the former manager Enzo Maresca to Chelsea last summer will facilitate losses.
The transfer of £ 30 million Kiernan Dewsbury-Hall to Chelsea in the summer of 2024 is also included.
The CEO Susan Whelan added: “As a club, we still have a job to do to return to the coherent heights of the last 15 years and the ability to successfully adapt to different challenges is a force on which we will rely while we build for the future seasons”.
Leicester goes to Manchester City on Wednesday after losing 13 of the last 14 games.
They fired Steve Cooper in November and replaced him with Ruud Van Nistelrooy, but the former Manchester United striker won only three of his 18 in office.
Fans also protested against the club’s race during the season, with the director of football Jon Rudkin who was under pressure.
