Leicester City hit by £70m+ blow
Leicester City suffered a £72million hit in revenue last season following their relegation to the Championship, sources have told Football Insider.
Leicester have released their latest accounts for 2023-24, revealing their overall turnover fell from £177million in 2022-23 to £105million.
That was driven by a £61million drop in broadcast revenue, which fell from £115million to £54million last season as a result of the relegation.
Matchday income at the King Power Stadium remained static at £18million, while commercial revenue fell from £44million to £33million.
Despite being charged by the Premier League for exceeding the £105million spending limit over a three-year period in 2022-23, Leicester avoided a points deduction after exploiting a loophole in the rules.
The club’s losses reached £90million two seasons ago, but their deficit fell to £19million in 2023-24 as part of the efforts to improve their financial situation.
Leicester managed to cut their wage bill from £206million to £107million last season, with Youri Tielemans, Harvey Barnes, James Maddison, Timothy Castagne, Jonny Evans, Caglar Soyuncu, Ayoze Perez, Daniel Amartey, Nampalys Mendy, George Hirst and Ryan Bertrand all leaving the King Power.
Ruud van Nistelrooy facing sack pressure after new blow
Enzo Maresca helped the club secure an immediate return to the top flight in 2023-24 before joining Chelsea last summer.
Steve Cooper was appointed as his replacement, but he was sacked in November after an unconvincing start to the campaign.
Ruud van Nistelrooy has struggled to turn matters around since joining the club five months ago, having claimed victories in just two of his 16 Premier League games in charge.
Leicester now appear destined for an instant return to the Championship as they sit second-bottom in the Premier League table, 12 points from safety after 29 matches.
Van Nistelrooy is facing sack pressure at the King Power as he looks to prove he can turn the club’s fortunes around after a challenging couple of years.
| Position | Team | GP | Pts | GD |
| 17 | Wolves | 30 | 29 | -17 |
| 18 | Ipswich Town | 29 | 17 | -34 |
| 19 | Leicester City | 29 | 17 | -40 |
| 20 | Southampton | 29 | 9 | -49 |
Leicester face investigation after new twist
Leicester and Everton are facing an investigation after accusations have emerged around advertisements for their gambling sponsors.
An anti-gambling body has accused the Premier League clubs of breaching the Gambling Commission’s demands by advertising gambling firms, which are now unlicensed in the UK but whose controls against UK customers using the sites are easily bypassed.
The Coalition to End Gambling Ads has written to Leicester and Everton, who display BC.Game and Stake.com’s logos on the front of their shirts, and urged the Gambling Commission to take action against them.
Premier League sides will no longer be able to sign up to front-of-shirt sponsorships with gambling firms from the 2026-27 season after they collectively agreed to withdraw from such deals.
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