Babylon Posted 3 March 2016 Posted 3 March 2016 £26.4m profit for 2014/2015... Have to say I'm quite surprised at that amount.
C-man Posted 3 March 2016 Posted 3 March 2016 Amazing. Pretty conclusive proof for those arguing for a ticket price increase that they are talking out their arse as well: Attendances grew from 25,003 to 31,693, leading to match receipts growing from £6.9m in 2014 to £10.6m. So despite a 27% increase in attendances, gate receipts have contributed a paltry 5% of the £73.2m increase in revenue.
GaelicFox Posted 3 March 2016 Posted 3 March 2016 Wow No way can ticket prices rise on that result Wow
st albans fox Posted 3 March 2016 Posted 3 March 2016 Did the accounts show if any dividend was taken??
Alf Bentley Posted 3 March 2016 Posted 3 March 2016 £26.4m profit for 2014/2015... Have to say I'm quite surprised at that amount. For a split second, I thought you were talking about your personal accounts there. I was about to ask to borrow a fiver.
davieG Posted 3 March 2016 Posted 3 March 2016 Leicester City FC Financial Results 2014/15 Posted: Thu 03 Mar 2016 Author: Leicester City image: http://www.lcfc.com/cms_images/lcfc-gv-4-3-lc7461-189280-2985583_478x359.jpg Leicester City FC Image by: Plumb Images Leicester City Football Club today announced its financial results for the year ending 31 May, 2015 – the most successful financial year in the Club’s recent history. - Leicester City Football Club announces financial results for 2014/15 - Club posted record pre-tax profit of £26.4m for the year ending 31 May 2015 - Revenue grew to over £104m in first Premier League season in 10 years - Average attendances grew to 31,693 - Chief Executive says latest results highlight Club’s firm foundations for long-term progressLeicester City Football Club today announced its financial results for the year ending 31 May, 2015 – the most successful financial year in the Club’s recent history. The Foxes’ first season in the Premier League for a decade and the subsequent retention of top-flight status in May 2015 had a transformational impact on financial performance. The Club recorded a pre-tax profit in the year to 31 May, 2015 of £26.4 million(2014: loss of £20.8 million). Leicester City’s long-term future remains financially secure in the hands of the Srivaddhanaprabha family, whose vision and ambition for the Club is strengthened by the support of its parent company, King Power International. A return to the Premier League drove exponential revenue growth for the Club, with total income rising to £104.4m (£31.2m in 2014). On-pitch success led to an increase in average attendances to 31,693 (2014: 25,003), which compared very favourably with other Premier League clubs and represented 98.5% of capacity being utilised. Match receipts subsequently grew to £10.6m (£6.9m in 2014). The Club’s strategy for the summer 2014 transfer window was based on the retention of existing key players, several of whom signed new contracts, and the investment of an additional £25m in playing squad recruitment. The increase in the size of the squad and higher levels of remuneration payable in the Premier League and under new contracts led to staff costs increasing to £57m (£36.3m in 2014). The conversion of the entire outstanding shareholder loans into ordinary shares in November 2013 has led to interest charges for the year decreasing to £1.6m (2014: £4.2m). Remaining interest charges are mainly due to residual interest relating to the purchase of King Power Stadium in March 2013. Leicester City Chief Executive Susan Whelan said: “Our long-term goals for Leicester City have always been to ensure success, stability and sustainability for the Club. Premier League football, and the on-and-off-pitch benefits that are associated with it, are obviously central to that plan, which made prudent investment essential to ensure top-flight status was achieved and then retained. “At a time when the Club is competing in the upper reaches of the Premier League table, it has been very important for us to consolidate the firm foundations we have put in place over the last five seasons and to ensure that we have the appropriate structures in place for the continued growth and long term development of the Club. This has put Leicester City in a very strong position to move forward, and our commitment to delivering success on a continuous basis is foremost in our planning. We know what the Club is capable of, and we will work with diligence and purpose to ensure that Leicester City will achieve success, stability and be a proud representative of its community and city. “The Club continues to benefit from the remarkable support of our owners, Chairman Vichai Srivaddhanaprabha and Vice Chairman Aiyawatt Srivaddhanaprabha, and the King Power Group of Companies. The wonderful way our supporters and the people of the city have embraced their vision and welcomed them as part of their community has strengthened both their passion for the Club and their determination for it to succeed. Read more at http://www.lcfc.com/news/article/leicester-city-fc-financial-results-201415-2985593.aspx#CUOOz0z8TbMvMQBv.99
BoyJones Posted 3 March 2016 Posted 3 March 2016 Only the most successful year in RECENT history, don't they mean ever!! Massive well done to the club, does this mean the loss of £21m in 2014 has been put to bed by the football league? Not heard anything for a while but may have missed any FL announcements. The QPR situation has also gone quiet, but that may still be the subject of behind the scenes wrangling. Should be another decent profit this year, the future is very bright. Thank you to the owners for turning the club around, what a success story.
Fox 4 Life Posted 3 March 2016 Posted 3 March 2016 Only the most successful year in RECENT history, don't they mean ever!! Massive well done to the club, does this mean the loss of £21m in 2014 has been put to bed by the football league? Not heard anything for a while but may have missed any FL announcements. The QPR situation has also gone quiet, but that may still be the subject of behind the scenes wrangling. Should be another decent profit this year, the future is very bright. Thank you to the owners for turning the club around, what a success story. That is still a separate issue as it's being dealt with by the football league. They have no power over us either way so I expect that to go away quietly. Great turnaround from the club but to be expected with the increased income from the Premier League. I think we can safely start splashing some cash given the income should be closer to 90m just from prize and TV money this season.
Babylon Posted 3 March 2016 Author Posted 3 March 2016 Does anyone know how many games we've had on TV so far this season, I know what's coming up but can't remember what we've had on so far.
MC Prussian Posted 3 March 2016 Posted 3 March 2016 Ok, now down with the ticket prices - time to make other clubs' fans even more jealous!
Benji Posted 3 March 2016 Posted 3 March 2016 Bit ridiculous really - just wait 'til the new money kicks in. Club looks in great shape.
Tuna Posted 3 March 2016 Posted 3 March 2016 From the thread title, I thought you were asking for help completing your self assessment.
Footballwipe Posted 3 March 2016 Posted 3 March 2016 Does anyone know how many games we've had on TV so far this season, I know what's coming up but can't remember what we've had on so far. We've been shown seven times so far this season, with seven more games to come, plus potentially the last two. Last season we were live eight times all season
VIKTOR-LE5 Posted 3 March 2016 Posted 3 March 2016 http://www.lcfc.com/news/article/leicester-city-fc-financial-results-201415-2985593.aspx The Club recorded a pre-tax profit in the year to 31 May, 2015 of £26.4 million (2014: loss of £20.8 million.
Heart-Shaped Fox Posted 3 March 2016 Posted 3 March 2016 If we play Champions league then next season our profits should be unreal, unless we piss money away
kyleolly Posted 3 March 2016 Posted 3 March 2016 http://www.lcfc.com/news/article/leicester-city-fc-financial-results-201415-2985593.aspx The Club recorded a pre-tax profit in the year to 31 May, 2015 of £26.4 million (2014: loss of £20.8 million. How does that profit compare to our title rivals
Guest MattP Posted 3 March 2016 Posted 3 March 2016 It's absolutely unbelievable we are doing this whilst turning in a profit as well. If we win it we'll also have done it totally fairly as well unlike Man City, Man U and Chelsea who engaged in financial doping.
Claridge Posted 3 March 2016 Posted 3 March 2016 Where's the money gone? Anyone still got copies of that fanzine? Was a good read at the time
Jace Posted 3 March 2016 Posted 3 March 2016 The new sponsorship deal kicks in next season too based on league positions for this year, our turnover is going to be incredible
foxes_rule1978 Posted 3 March 2016 Posted 3 March 2016 We can say the club is very secure fianancially for the first time in a long while
Babylon Posted 3 March 2016 Author Posted 3 March 2016 The new sponsorship deal kicks in next season too based on league positions for this year, our turnover is going to be incredible It's based on next seasons finish, not this seasons.
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