Leicester lost £71.1m in Premier League relegation season
Leicester City are third from bottom of the Championship and battling to avoid a second successive relegation after dropping out of the Premier League last season Leicester City made a pre-tax loss of £71. 1m in their solitary season back in the Premier League in 2024-25. It takes the club's financial losses over the three-year period when they yo-yoed between the top flight and Championship to more than £180m.
And while the sum is almost £100m over permitted losses of £83m under profit and sustainability (PSR) rules, the club is understood to be confident of avoiding any breaches when add-backs - things such as the club's investment in infrastructure, women's football and youth development - are factored in. With Leicester being deducted six points this season for past overspending , the magnitude of the Foxes' losses in the 12 months up to June 2025 will undoubtedly come under scrutiny. The amount of money lost in recent years and the two relegations in three seasons that have dropped Leicester back into the Championship - where they are now battling to avoid tumbling into League One - have been the source of growing discontent among the Foxes' fanbase.
Leicester's chief executive Kevin Davies says "improving" the club's financial position "remains a priority and will continue to shape the decisions we take as a club". "We know supporters want to see Leicester City run responsibly, with the right balance between giving us the best chance of success on the pitch and building greater financial stability for the future," he told the club website , external . "These financial statements show there is still more work to do and we are clear about that.
" Leicester have been locked in legal battles relating to their spending for a number of years now. They wrangled themselves out of trouble when they last dropped into the Championship in 2023-24 but the cumulative losses of more than £201m they made in the years between 2022 and 2024 eventually saw them punished this season. In that three-year period, covering two campaigns in the Premier League and one in the Championship, they were eventually found to have breached the allowable PSR threshold of £83m by £20.
8m when add-backs were factored in. The latest three-year snapshot concerning PSR also relates to two top-flight campaigns and one in the second tier. This time they have cumulatively haemorrhaged £180m, which includes the adjusted £89.