LCFC Accounts – 2023/24

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LCFC Accounts – 2023/24

Leicester City Football Club today publishes its annual accounts for the period ending 30 June 2024.

2025-04-02T10:00+01:00

by Admin

Published

02 Apr, 2025

LCFC Accounts – 2023/24

Leicester City Football Club today publishes its annual accounts for the period ending 30 June 2024.

Admin

2025-04-02T10:00+01:00

LCFC Accounts – 2023/24

Leicester City Football Club today publishes its annual accounts for the period ending 30 June 2024.

Admin

2025-04-02T10:00+01:00

LCFC Accounts – 2023/24

Leicester City Football Club today publishes its annual accounts for the period ending 30 June 2024.

Admin

2025-04-02T10:00+01:00

LCFC Accounts – 2023/24

Leicester City Football Club today publishes its annual accounts for the period ending 30 June 2024.

Admin

2025-04-02T10:00+01:00

After nine consecutive seasons of Premier League football, our first year outside of the top flight in a decade had a marked impact on revenues. However, a profitable period of player trading, positive commercial performance and appropriate management of costs enabled us to make the investments we needed to deliver a successful season and an immediate return to the Premier League.

The Club made a pre-tax loss of £19.4M for the 12-months to 30 June 2024. This compares with a loss of £89.5M to 30 June 2023 (a 13-month period following a change to align year-ends across the Group).

Our turnover for the year fell to £105.3M (2023: £177.3M). However, while broadcast rights revenue (£54.2M) and sponsorship revenue (£21.5M) were reduced as a direct result of absence from the top flight, gate receipts held firm (£18.4M in both 2024 and 2023) and other commercial revenues increased by £0.3M to £9.8M.

Our financial results also continue to reflect our ongoing investment in LCFC Women, who secured a fourth successive season of Barclays Women’s Super League football, while maintaining their record of having improved their points total every year since promotion in 2021.

The long-term, financial security required for the Club to re-establish its wider position of strength continues to be provided by our Chairman, Aiyawatt Srivaddhanaprabha, whose overall investment in the Club since 2010 now exceeds £420M, following a latest conversion of debt into equity in January 2025.

Susan Whelan, Leicester City Chief Executive, said: “Operating outside of the Premier League during the 2023/24 season required some obvious adjustments compared with previous years. However, we achieved success on the pitch and attained promotion and the Championship title at the end of the season.

“As a Club, we still have work to do to return to the consistent heights of the last 15 years and the ability to successfully adapt to different challenges is a strength we will rely on as we build for future seasons.

“Thank you to our supporters, staff and partners for the vital roles they play in the Club’s development, for the loyalty they continually demonstrate and for the passion that will fuel our future progress.”

Download 2023/24 LCFC Group Accounts.

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