Foxes make substantial loss on the back of disrupted season

Suspention of Premier League matches, a ban of fans attending games, the cost of a new training ground and huge amounts spent on players combined to push Leicester City into the red during the 2019-20 season.

The Foxes made a loss of £67m last season, after having taking a hit in gate receipts and having to refund some £4.1m of tickets.

The newly-filed accounts, made up to the end of May 2020, also show that the club repay broadcasters £11.5m after games were postponed because of the pandemic.

Turnover during the season dropped from £180m to £150m.

Leicester City have finished putting the finishing touches to their impressive new training ground in Seagrave, a £100m pound project which has hit their bottom line after spending £70m on it during the 2019-20 season.

Chief executive Susan Whelan said: “The commitment of the club’s parent company also underpins our long-term ambition to be a consistent challenger domestically and a competitor in Europe each season – a vision of which sustainable reinvestment in our football operation is a key component.

“Our 2019/20 accounts include significant investments relating to the development of our new training centre in Seagrave, as well as considerable further investment in our first team playing squad, the benefits of which have been evident in sporting performance this season.

“An end to those difficult times is now hopefully in sight and we look forward to continuing our pursuit of that vision, with our supporters once again a visible, audible and integral part of the Leicester City journey.”