Leicester City could see revenues drop by £100-£150 million next year, even taking into account the parachute payments that come with relegation from the Premier League to the Championship. Everton’s victory against Bournemouth on Sunday secured City’s drop after what, for all Leicester supporters, was a forgettable season.
The fall from grace comes seven years after winning the league in unprecedented style, and just two years after winning the FA Cup. It makes City the first team in Premier League history to go down having finished in the top half of the table for the five previous seasons.
City’s accounts show how much higher their revenues were than the teams they will be playing in the Championship this autumn. Leicester had revenues of £214.6 million in the 2021-22 season – the most up-to-date public figures. However the club also made losses of £92.5 million, up from £33.1 million losses the year before.
