The Premier League prize money dropped first, going from seventh to eighteenth in the standings in a single year. The team was relegated from the premier league as a result of that decline, which also caused a loss in prize money earnings of about £30-35 million.
The absence of European football is another issue, as the team did not qualify for the previous campaign. A clear statement about the substantial and “expensive” cost of evicting Brendan Rodgers and his backroom crew from the club a year ago is also included.
It is an incredible sum of money for a football team to forfeit. It is the outcome of Leicester’s attempts to close the gap with the top six teams in the Premier League, but their on-field success and personnel acquisition fell short.
The amount that is obviously being spent on wages is what matters most to me. Even with an almost £75 million profit from player trading, they are still nearly £90 million in the hole.
The Foxes have established a reputation for offering players and their agents lucrative contracts and taking good care of them. However, this is where we see just how badly it has impacted the club’s finances; instead of helping them advance, a massive pay expenditure has led to relegation.
