Finance
Listen to this Article (Audio)

Leicester City Total Expenditure vs Revenue 2022

Revenue Expenditure Net Total Debt
£244.91m £116.26m £128.65m £219m

Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix

Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix

Total Expenditure£116.26m

Total Yearly Expenditure Breakdown

Most of Leicester City expenses, just like any other football club in the world, comes from player salaries (payroll). Here is how football clubs spread their expenditure:

  1. Player Payroll
  2. Player Transfers
  3. Executive Staff Payroll
  4. Debt Payments
  5. Agent Fees
  6. Marketing Costs
  7. Transportation costs
  8. Stadium Costs

Player Payroll:

Leicester City spends a total of £74 million on players annual payroll as of fiscal year ending June 30, 2022, and £18,500,000 in annual taxes. Players making up to £50,270 per year are subject to 20% tax rate, which is also known as the basic tax rate. Taxes on income over this threshold are 40%. (higher rate). The extra rate is another name for the third tax bracket. Any income over £150,000 is subject to a 45% tax rate.

 

Leicester City Players Payroll Breakdown

Weekly Payroll Average Weekly Payroll Annual Payroll  Average Payroll per Year  Income Tax
£1,423,076  £52,706  £74,000,000  £2,740,740  £18,500,000

Source: FIFA, UEFA, England FA, HMRC, Sponsorlytix

Source: FIFA, UEFA, England FA, HMRC, Sponsorlytix

 

Leicester City Players Payroll 

 Player Name Payroll (Yearly) Payroll (Weekly)
Jamie Vardy  £7,280,000  £140,000
James Maddison  £5,720,000  £110,000
Boubakary Soumaré  £5,150,000  £99,038
 Jonny Evans  £4,160,000  £80,000
 Onyinye Ndidi  £3,900,000  £75,000
 Dennis Praet  £3,900,000  £75,000
 Ricardo Pereira  £3,640,000  £70,000
 Jannik Vestergaard  £3,390,000  £65,192
 Timothy Castagne  £3,276,000  £63,000
 Patson Daka  £3,230,000  £62,115
 Kelechi Iheanacho  £3,120,000  £60,000
 Nampalys Mendy  £2,860,000  £55,000
 Marc Albrighton  £2,340,000  £45,000
 Ayoze Perez  £2,340,000  £45,000
 Caglar Soyuncu  £2,340,000  £45,000
 Ryan Bertrand  £2,300,000  £44,231
 Youri Tielemans  £1,718,000  £33,038
 Daniel Amartey  £1,090,000  £20,962
 Danny Ward  £1,040,000  £20,000
 Kiernan Dewsbury-Hall  £970,000  £18,654
 Luke Thomas  £600,000  £11,538
 Harvey Barnes  £520,000  £10,000
 James Justin  £429,000  £8,250
 Wout Faes  £970,000  £18,654
 Alex Smithies  £970,000  £18,654
 Thanawat Suengchitthawon  £970,000  £18,654
     
 Loan    
     
 Hamza Choudhury  £390,000  

Source: FIFA, UEFA, England FA, Sponsorlytix

Source: FIFA, UEFA, England FA, Sponsorlytix

 

Player Transfers: Leicester City spent a total of £15.3 million on player arrivals in the summer (2022/23) and generated a total of £73.16 million on departures. Ending the summer transfer window with a £57.96 million net.

Premier League teams spent a total of £1.9 billion on gross transfers during the summer 2022 transfer window, which is by a margin of £487.8 million the largest amount ever recorded during a single transfer window.

Leicester City spent a total of £655.23 million on player arrivals in their all time Premier League transfers expenditure (1992/93 to 2022/23), taking in an income of £479.12 million with a net of -£176.10 million.

 

Leicester City All Time Premier League Players Transfers

Expenditure Arrivals Income Departure Balance Season 22/23 Net
£655.23m  642  £479.12m  645  £-176.10m  £57.96m

Source: FIFA, UEFA, England FA, Sponsorlytix

Source: FIFA, UEFA, England FA, Sponsorlytix

 

Executive Staff Payroll: The best paid directors of Premier League football teams make far more money than the highest paid directors at comparable-sized non-football businesses. The average chief executive remuneration in the UK is £215,879. Leicester City pays in the region of £1.4 million to their directors and executive staff each year.

Debt Payments: Leicester City has a total of £219 million in debt on their books and shell out £8.7m on yearly payments (including interest).

Stadium Costs: A 90-minute match uses up to 25,000 KWh of electricity. As per the current Ofgem rates, Electricity costs £0.52 per kWh + Daily standing charge: £0.46 and Gas costs £0.15 per kWh + Daily standing charge: £0.28. It costs Leicester City approximately 18000 Khw on average per home game, that is£12,330.1 per game and £234,271.9 per season. 

Agent Fees: The 20 Premier League teams managed to pay agents £272.6 million this transfer window, despite all the discussion that football must cut back on its expenditures on transfer fees and wages in light of the financial calamity brought on by the epidemic. Leicester City paid £12.04 million in agent fees for their transfer business.

Marketing Costs: Leicester City offers a variety of officially-licensed goods with the Leicester City name and logo, from bed coverings to coffee cups apart from the marketing and promotions of the season tickets, hospitality and official kits, the club spends on marketing through social media, outdoor advertising and through local, national and international news publications. Leicester City spends on average £1 million on marketing.

Transportation Costs: For the fiscal years ended June 30, 2022, Leicester City spent approximately £0.39 million on transportation costs, which includes pre-season preparations and logistics and all of the Premier League, Cups and UEFA competition away games.

 

Leicester City Total Expenditure

Executive Staff Payroll Total Debt Debt Payments Stadium Costs Agent Fees Marketing Costs Transportation Costs Annual Payroll TOTAL
£1.4m  £219m  £8.7m  £0.23m  £12.04m  £1m  £0.39m  £74m  £116.26m

Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix

Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix


 Total Revenue | £244.91m

Total Yearly Revenue Breakdown

Leicester City monetize’s its worldwide brand through the usual four income sources under the Commercial revenue sector:

  1. Sponsorship
  2. Matchday Revenue
  3. TV Rights Distribution
  4. Retail, Merchandising, Clothing & Product Licensing

Sponsorship: Through partnerships with top national and international brands and businesses throughout the world, Leicester City monetizes the value of the clubs worldwide brand and fan base. For the fiscal years ended June 30, 2022, Leicester City generated sponsorship revenues of £28.83 million.

 

Leicester City Sponsorship Revenue

Sponsor Name Amount (per year) Contract Duration Placement
FSB £6.33m 2021 – 2024  Main Sponsor (Front of shirt) & Training kit
Adidas  £3m  2018 – 2024 Kit Supplier
King Power  £10m  2018-2025  Stadium Naming Rights
BIA Saigon  £600k  2019-2024  Sleeve sponsor
Chang  £350k*  not reported  Partner
DHL  £350k*  not reported  Partner
Pari Match  £350k*  not reported  Partner
OB Sports  £350k*  not reported  Partner
Monster Energy  £350k*  not reported  Partner
HTH  £350k*  not reported  Partner
Lovebet £350k*  not reported  Partner
Vitality  £350k*  not reported  Partner
Landsail Tyres  £350k* not reported  Partner
Walkers  £350k*  not reported  Partner
     Total £28.83m

*Estimated as per market standards and BV and EMV reach of Leicester City Football Club | Source: Sponsorlytix

*Estimated as per market standards and BV and EMV reach of Leicester City Football Club | Source: Sponsorlytix

 

Matchday Revenue: For the fiscal years ended June 30, 2022, Leicester City generated a total combined Matchday Revenues of £14.1 million, including £11.21 million from the English Premier League, £0.45 million from the FA Cup, £0.67 million from the Carabao Cup and £1.77 million from UEFA Europa League.

In each of the past 21 years, Leicester City have averaged over 99% of Premier League match capacity. Due to the amount of home games played and the success of our first team in various tournaments, matchday income will change from year to year.

 

Leicester City Matchday Revenue

Average Attendance Average Matchday Income / Game Average Matchday Income / Season
Premier League    
31,814 £0.59m £11.21m
     
 FA Cup    
31,814  £0m £0.45m
     
 Carabao Cup    
31,814  £0m £0.67m
     
 Europa League    
31,814 £0m £1.77m
   Total £14.1m

Source: UEFA, England FA, Sponsorlytix

Source: UEFA, England FA, Sponsorlytix

Advertisement

 

TV Rights Revenue (Broadcasting)

The money the club makes from the sale of live football content benefits the club directly, and it also helps the business partners indirectly by giving them more worldwide visibility. The global television rights for the Premier League, UEFA club competitions, and other competitions provide cash for broadcasting.

Additionally, more than 100 nations and territories across the world receive Leicester City programming through the English Premier League TV Rights Distribution sales and also the in house club channel and official mobile app.

As a result of fluctuations in the amount of prize money available and the success of the first team in such contests, broadcasting income, including, in certain circumstances, prize money received in respect of such competitions, will change from year to year.

For the fiscal years ended June 30, 2022, Leicester City generated a total combined TV Rights Revenues of £140.72 million, including £134.1 million from the English Premier League, £0.49 million from the FA Cup, £0.12 million from the Carabao Cup and £6.01 million from UEFA Europa League.

 

Leicester City TV Rights Revenue

 Leicester City  £140.72m        
 Premier League  Equal Share  Facility Fees  Merit Payment  Commercial Revenue  Total
   £79m  £15m  £34.5m  £5.6m  £134.1m
 FA Cup  Prize Money  TV Fees      Total
   £67.5k  £432k      £499.5k
 Carabao Cup  Prize Money  TV Fees      Total
   £25k  £96k      £121k
 Europa League  Performance Share  Market Pool      Total
   £6.01m  £5.14m      £6.01m

Source: FIFA, UEFA, England FA, Sponsorlytix

Source: FIFA, UEFA, England FA, Sponsorlytix

 

Retail, Merchandising, Apparel & Product Licensing: Leicester City on average sells 375k units of the official kit (home & away). The club’s retail, merchandising, garment, and product licencing for the fiscal years ended June 30, 2022 sales were £3.3 million. On a global scale, the club promotes and markets sportswear, workout and leisure wear, and other goods bearing the Leicester City name.

In addition, Leicester City offers a variety of other officially-licensed goods with the Leicester City name and logo, from bed coverings to coffee cups. These goods are supplied via the wholesale distribution networks of club partners as well as retail locations bearing the Leicester City logo and online shopping portals.

 

Leicester City Retail, Merchandise, Apparel & Product Licensing Revenue

£3.3m

Source: Sponsorlytix

Advertisement
NO COMMENTS

You must be logged in to post a comment Login

Leave a Reply

Most Popular Article

To Top