Leicester’s revenue soars above West Ham, Villa in money table

Leicester City have seen their revenue soar since Brendan Rodgers took charge and they have climbed the money league. Here is what you should know.

The ultimate goal of the King Power club is to become the best of the rest, and attack the big six. To ascend tables, reach competition finals, and win trophies against the top dogs and those teams directly competing with them for those heavily contested positions.

The hardest element to improve is the financial situation of the outfit. It is blatantly obvious that more money means more transfers, higher wages, extra non-playing staff, and further investment in facilities.

Leicester City climb money league

During the pandemic, matchday revenue fell for every club. No money was generated through tickets, and many season ticket holders refunded. Compounding this was the ethical decision not to make use of the job retention scheme.

Nevertheless, the Foxes came out of that awful period stronger. According to Deloitte (03/22, p40), Brendan Rodgers club saw revenue increase 49% from €171m in 2020 to €255m (roughly £212m) in 2021. Most of this can be attributed to a rise in broadcasting revenue. Of course, this is partially obvious during the season we could not travel to the stadium.

Yet the figures have remained consistently higher since. This is due to an increase in the number of competitions Leicester is involved in. Well, were involved in anyway. They had become a centre of attention outside the big six, with performances, trophies, European football, and decent transfer business.

The East Midlanders did see €51.2m in transfer revenue during 2021, which meant the outlay of €72.7m was only a €21.5m net expenditure. This startling rise in revenue puts the King Power club exactly where they want to be. The next Premier League club above them in the Deloitte league table is Arsenal. The club below is West Ham United.

LCFC are €30m ahead of the Hammers; €40 ahead of Wolverhampton Wanderers and Everton, and nearly €50m ahead of Aston Villa. Things will change if the Foxes do not achieve European football next season, with broadcast, matchday, and bonus revenue from those competitions being a major factor in the mount. For now though, it remains a big gap.

What is the impact?

Leicester are the most profitable of the rest. For what funds are invested into the side, City are getting more back. Where clubs like Everton and Villa go on spending sprees, Khun Top expands the grounds, invests smart. Not to mention builds a whole new training ground (not so new now).

We know there have been rumours that Rodgers would like a personnel spending spree of our own in the next transfer window, with player clearance auctions and big purchases. The more money which can be earned prior, the more we are allowed to invest under FFP regulations. I doubt LCFC will invest anywhere near the max, but every little helps.

A summer clear out is necessary, and it looks like the gaffer will have the funds to complete a minor squad overhaul come the off-season. Who would you like to see in blue and white next term? Let Foxes of Leicester know on social media.