English Premiership

Leicester tick boxes on and off the field

2016-03-04 08:15
Leicester celebrate (AP)

Cape Town - Leicester City's meteoric rise on the pitch has transpired off of it as well after the English Premier League club posted a record pre-tax annual profit of £26.4m.

The results point to a most successful financial year in club history to coincide with a fairytale campaign that has seen the Foxes open a three-point lead at the top of the standings with 10 games left to play.

Revenue rose more than three times to £104.4m from £31.2m the previous year, after Leicester secured their top-flight status in May 2015, the club said on their website.

The club invested an additional £25m in the recruitment of players after they had tied down several others to long-term contracts, which led to an £20.7m increase in staff cost to £57m.

As a result of their on-field success this campaign, the club have utilised 98.5% of their stadium capacity, with average attendances rising to 31 693.

 

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