GPT'd it like I did last year if anyone wants the highlights.
Performance Summary (FY24)
League: Relegated to the EFL Championship but won the league and secured promotion back to the Premier League.
Financial Loss Before Tax: £19.4m loss — a significant improvement from the £89.5m loss in FY23.
Turnover: £105.3m (↓ from £177.3m in FY23) — main cause was relegation reducing broadcasting/sponsorship.
Broadcasting: £54.2m (↓ from £114.5m)
Sponsorship: £21.5m (↓ from £32.1m)
Gate Receipts: Steady at £18.4m
Commercial Revenue: £9.8m (↑ from £9.5m)
🔵 Expenses & Profit
Staff Costs: £107.2m (↓ from £205.8m)
Amortisation (player registrations): £45.6m (↓ from £74.7m)
Operating Loss (pre player sales): £35.4m (↓ from £80.2m)
Player Sales Profit: £71.8m from sales of Barnes, Castagne, Dewsbury-Hall
Other Operating Income: £12.7m from manager departure settlement & commercial dispute
🔵 Cash Flow & Liquidity
Net Cash Outflow: £1.1m (↓ from £26m outflow in FY23)
Cash at Year-End: £7.1m
Support from Owners: £36.5m in loans from King Power International
Total Net Assets: £57.1m
🔵 Asset Valuation
Playing Squad (book value): £107.0m
Market Value of Squad (est.): £253.5m
King Power Stadium Valuation: £45.3m
Seagrave Training Ground: Held at historical cost
🔵 Environmental Impact
CO2 Emissions Scope 1, 2, 3 (tCO2e): Total 3,435 — consistent YoY
Efficiency: Emissions per m² = 0.05
Initiatives:
LED lighting, plastic reduction, solar energy plans
Biodiversity features at facilities (e.g. bee hives)
🔵 Outlook & Risk Factors
Promotion to Premier League is expected to restore revenue.
Plans to develop King Power Stadium and surrounding site.
Regulatory uncertainties around Profitability & Sustainability (P&S) rules may pose risks.
Potential sanctions if non-compliance with P&S is found, but outcome is unknown.
🔵 Key Risks Noted
Dependence on league status for revenue.
Market volatility in player values.
Evolving governance from FIFA, UEFA, UK Govt.
Ongoing reliance on financial support from owners.
🔵 Other Highlights
No dividend paid.
Charitable Donations: £518k, ↑ from £69k.
LCFC Women retained WSL status.
Fan Engagement: New Fan Advisory Board and Fan Consultative Committees.
Employees: Advanced PLEDIS rating for diversity/inclusion. Living wage guaranteed.