Wednesday 30 March 2016

From Rag to Riches for The Foxes - Leicester City


The King Power Stadium







A club side's fate is very often than not vested with the managers. In rare instances however, when things start to get out of hand, the owners come in to rescue the situation. Such is the tale of the Foxes, Leicester City FC.
The Thai owners have performed excellently well to revive the club's fortune. They invested money realised through effective monopoly of Duty Free inThai Airports and have done well not to interfere in the running of the club.
A staggering £100m was converted into equity and repurchased the stadium. During this time, an average loss of £25m was absorbed annually for promotional purposes.
Gary Lineker led a consortium to save Leicester City from administration
 The rise to stardom
  The club's revenues usurped to a staggering £104m in the 2014/2015 season with a profit before tax of
£26m. This was in spite of a lower revenue generated through the sales of players. Wages' bill stood at £57m which was slightly above the suggested 50 per cent  of the share of turnover.


 71% of the income generated by the club from the Premier League was through television while its revenue from commercial activities was £20.1m. A small figure compared to those of top sides though it edged clubs like Sunderland, Stoke City, Crystal Palace and Southampton in this order.  

No comments:

Post a Comment