Foxes okay over FFP af­ter £20.8m loss

Midweek Sport - - NEWS -

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.”

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