‘Leicester’ announces stable financial status Even though there are higher costs
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Leicester City Football Club reveals its financial budget ending June 30, 2023, still has a stable and strong financial position. Even though last year’s operating results There will be higher costs from increasing the investment budget in managing the first team.
Leicester City Football Club has released its financial results for 2022-2023, showing a pre-tax loss of £89.7 million, with club revenue down £177.3 million, but commercial income still increasing. There was also a £1.4 million increase in ticket sales, £1.3 million in sponsorship revenue and a £1 million increase in commercial turnover. The club also recorded a profit from trading. Players £74.8m in the financial period (2022 profit £9.2m) with changes to first team management resulting in higher costs. In addition, the club There is continued commitment to the development of Leicester City Women’s team currently competing in the Women’s Super League, where they have improved in overall points and position over last season. The women’s team has played in the top league for 3 consecutive seasons. By strengthening the players, staff and facilities.
Over the past several years, the club’s performance It has reflected the need to invest in the team.
Senior men’s football players To increase the club’s ability to compete with other big clubs. in the Premier League Under the management of Mr. Aiyawat Srivaddhanaprabha, Chairman of Leicester City Football Club and King Power International Company Limited (KPI), the club’s parent company. It remains committed to building a solid foundation that allows the club to continue to deliver on its vision. And in the accounting year 2022/23, Mr. Aiyawat Srivaddhanaprabha converted the loan. and associated interest of £194 million (approximately 7,800 million baht) as capital back to King Power International Company Limited (KPI), helping to reduce the club’s significant outstanding debt burden.
Leicester City Football Club has taken undisclosed legal action against the Premier League and English Football League. The club is committed to ensuring that any allegations raised are resolved appropriately and proportionately. according to applicable rules by the appropriate agency and at the right time
Susan Whelan, CEO of Leicester City Football Club, said: “The club has continued to grow and succeed over the past decade, even into the 2022/23 season. It still won’t be as expected. But we remain focused and try to get the team back into Premier League competition.”
After the club Achieved two 5th place finishes and 8th place finish in the previous three consecutive seasons. reflect that Our targets and budget for the 2022/23 season are reasonable. However, the club has shown that Sustainable sports success An appropriate level of investment is required. To increase competitiveness and achieve the goals as set out
In the past season, the club’s performance was below standard, affecting the management of its financial position to be stable in order to be sustainable. This complies with the conditions of the Profitability and Sustainability Rule (PSR).
We thank the fans for their confidence. And your support will continue to be a driving force. Let us help lead Leicester City Football Club to the success they desire.
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