Leicester record pre-tax loss of £20.2m for most recent financial year
![](https://www.spursfancave.com/wp-content/uploads/2020/03/leicester-record-pre-tax-loss-of-20-2m-for-most-recent-financial-year.jpg)
Leicester have recorded a pre-tax loss of £20.2million for the most recent financial year – figures that do not include the record £80m they received from Manchester United for Harry Maguire.
The Foxes’ results apply to the year ending May 31, 2019, and include the £8.8million compensation paid to prise Brendan Rodgers and his coaching staff from Celtic last February.
The club have also invested significantly in a new training ground, which they hope to occupy this season and which is expected to cost close to £100m. Chairman Aiyawatt Srivaddhanaprabha has also given the green light to the expansion of the King Power Stadium.
![Leicester have recorded a pre-tax loss of £20.2million for the most recent financial year](https://i.dailymail.co.uk/1s/2020/03/03/23/25504278-0-image-a-13_1583279066274.jpg)
Leicester have recorded a pre-tax loss of £20.2million for the most recent financial year
![Figures do not include record £80m they received from Manchester United for Harry Maguire](https://i.dailymail.co.uk/1s/2020/03/03/23/25504354-8071871-image-a-14_1583279249011.jpg)
Figures do not include record £80m they received from Manchester United for Harry Maguire
Chief executive Susan Whelan said: ‘We remain a club of fierce ambition: striving to progress every season; giving ourselves every opportunity to compete more consistently at the elite level of the game.’
Despite a poor start to 2020, Rodgers’ team remain on course to qualify for the Champions League. They are third in the table, with an eight-point cushion to fifth-placed Manchester United, with 10 Premier League matches remaining.
Meanwhile, Wednesday’s FA Cup fifth-round tie against Birmingham will be shown live on Facebook Watch, the tech giant’s TV app.
![The Foxes' results apply to the year ending May 31, 2019, and include the £8.8million compensation paid to prise Brendan Rodgers and his coaching staff from Celtic last February](https://i.dailymail.co.uk/1s/2020/03/03/23/25504242-0-image-a-12_1583279038533.jpg)
The Foxes’ results apply to the year ending May 31, 2019, and include the £8.8million compensation paid to prise Brendan Rodgers and his coaching staff from Celtic last February