Today the club published their numbers for the 2024-25 season. Leicester City posted a pre-tax loss of £71.1m during their single season back in the Premier League.
We warned everyone during Brendan Rodgers’ early years. The financial strategy in place at that time was potentially disastrous. The owners and management closed their eyes and backed The Big Head, starting to sign players far above value. The board turned their head away from the real world. They supported the former warehouse worker, who just demanded millions to buy more players, without making enough revenue on sales.
Brendan Rodgers possibly had a point. He believed that bringing Champions League football to this club consistently needed a stronger structure. However, he did not understand how to keep a club like Leicester steady in the Premier League. He thought it was necessary to have 30 players on heavy wages.
If you buy a player for £25million or more in football, make sure you have a plan for him. Without a plan, you will get in trouble. You might not use him, but you still expect him to perform whenever called into action. The other part is that a player purchased should be one fitting the pattern of play, not the total opposite.
Some signings done under Brendan Rodgers were massive flops. These signings involve wages and contracts that should never have been given. The amount of transfers done in and out over the last 10 years indicate the risk taken. If a player does not perform, your investment will fade.
Our financial statements for the year ended 30 June 2025 have been published today.
Read more: https://t.co/RxGancy6YS pic.twitter.com/cuHN0mTdyO
— Leicester City (@LCFC) March 27, 2026
The club released their financial statement today, but it seems they haven’t fully grasped the situation. There are no suggestions or talk about how they will run the club in the future. The statement say little or nothing about how to solve these problems, without having a correct approach in squad building.
Leicester as a club can not ignore these facts, if they do, they could soon be out of business. The fixed costs at this football is so stupidly build up, without bringing in enough income, this will in itself be a massive problem. The new training ground employs many people. This work, cutting grass, holding security and other ground keeping, does not drive revenue. In the end, you will have to spend massive amounts on things a football club should keep to a minimum.
This will reduce the money you can use on transfers. In reality, Leicester, if they decide to continue in this pattern, their only recruitment arene will be the academy. They need to utilize this special and very expensive environment for talent development. If not they will get nowhere.
Khun Top has made a huge investment in Seagrave. This should and hopefully will nurture more talent than ever before. There are a lot of talented players at the club at the moment. However, the Seagrave generation is not yet ready to build the backbone of a first team at this football club.
Jeremy Monga, Louis Page and Lorenz Hutchinson are three young players with a special future. However, younger players at this football club do not really see Seagrave as their final destination. Trey Nyoni left the club at the age of 16 to continue his progress at Liverpool. Leicester fans never got to see him perform in the first team. A bigger and better club snatched him away far too early.
We have been supportive towards Khun Top and still believe he can get the club back on track. However, there is currently more disarray. The current manager Gary Rowett, shows no willingness to try and test the younger players. Instead, he is playing players who are more or less finished at this football club. You start to wonder if it could be a year or two too early for the new generation of talent.
Ben Nelson, Sammy Braybrooke, and Will Alves were all talked up as potential Premier League players. However, to date, they have never shown that in any form or capacity. Nelson struggles to get things correctly at the bottom level of The Championship. Alves and Braybrooke are on loan at lower league clubs, Huddersfield and Chesterfield.
We believe the owners will struggle to get this football club back on track. Without cutting massive cost, they will never get the revenue needed to get this club in balance. Premier League is of course the answer to it all, but you will never get a promotion without correct investments in the transfer market. Leicester could be forced to sell property to survive. Running Seagrave at Championship or League One level looks like a heavy burden. This will affect the chance to bring in players from outside. Therefore, the academy looks the only answer to recruitment to the first team at this point.
We do not understand the planning in place, with the heavy losses this club manage to bring forward. If the ownership had a healthy funding they would never let this happen. This shows that the club seems to be operating independently. In our view, this will be very dangerous. The club may soon run out of cash. New loans seem to be the only way forward.
Player sales could be a short-term solution. Without money to invest in new players, the club might face challenges. The club needs a wake up call.
We hope a proper plan to set the club up for sale should be a priority at this point. This club deserves much better. It should not ever again be seen in this situation. This is a big shame. Hopefully, someone will come forward with a plan to see this club survive and get back on track.
We have all seen the interviews with Khun Top. He says he will turn this around. However, belief is this man is fading with the recent statement of these horrible numbers.
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