Foxes tick boxes on and off the field
Leicester City's meteoric rise on the pitch has transpired off of it as well after the club posted a record pre-tax annual profit.
|||London - Leicester City's meteoric rise on the pitch has transpired off of it as well after the English Premier League club posted a record pre-tax annual profit of 26.4 million pounds.
The results point to a most successful financial year in club history to coincide with a fairytale campaign that has seen the Foxes open a three-point lead at the top of the standings with 10 games left to play.
Revenue rose more than three times to 104.4 million pounds from 31.2 million pounds the previous year, after Leicester secured their top-flight status in May 2015.
The club invested an additional 25 million pounds in the recruitment of players after they had tied down several others to long-term contracts, which led to an 20.7 million pound increase in staff cost to 57 million pounds.
As a result of their on-field success this campaign, the club have utilised 98.5 percent of their stadium capacity, with average attendances rising to 31 693.
Reuters