Leicester City have published their accounts for the 2019-20 season, showing a loss of £67m as the effect of the pandemic on the club's finances starts to become clear
Aye Tanner just shared this on the Athletic too, without much surprise. Gonna be hard to keep up if we don’t get CL...£67m loss:
Leicester City have published their accounts for the 2019-20 season, showing a loss of £67m as the effect of the pandemic on the club's finances starts to become clearwww.leicestermercury.co.uk
Is that a surprise? We’ve got the best players outside the biggest turnover clubsThis is the bit that stood out to me :
"However, staff costs as a percentage of turnover come in at 105 per cent, the highest of any club in the Premier League since QPR in 2013."
It's not a huge surprise, as our ratio has been particularly high for a while now. It still looks pretty stunning when it's put in numbers, though.Is that a surprise? We’ve got the best players outside the biggest turnover clubs
the only surprise there is that this isn’t Everton
The article says this, which totals £102.5m, as £19m of that is since May:So the training ground had cost £102.5m by the end of last May! That's seven months before completion.
Feck me. I did read something suggesting that the actual cost was going to be £125m but I dismissed it. Looks like that will actually be the minimum cost.
Remember that it was supposed to cost £80m.
So we sold Maguire for £85m in cash and still lost nearly £70m?!!!! Jeez!
“£63m profit on player sales”, not £63m for him.Only £63m proceeds from sales. Which means either we didn't get the full fee in one go despite it being widely reported as such, or that we didn't get anything like as much for Maguire as we thought.
City have history in not getting anything like as much as reported. See Mahrez for example.
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