Foxes okay over FFP after £20.8m loss
LEICESTER have announced a £20.8million loss – but have still met Financial Fair Play rules.
The Foxes have fallen within the Football League’s FFP regulations after announcing their financial results for the year ending May 31, 2014, with the loss down from £34m in 2013.
Leicester’s promotionwinning season last term, where they clinched the Championship title, helped the club increase their revenue to £31.2m – up from £19.6m.
Staff costs increased to £36.3m after promotion bonus payments of £9.4m, while match receipts rose from £5.7m to £6.9m.
Chief executive Susan Whelan said: “These results are a positive reflection of our efforts to build solid foundations.”