The 9-figure sum Leicester City have lost since 2018-19 - it's an absolute fortune | OneFootball

The concerning figures have emerged about the amount Aiyawatt Srivaddhanaprabha and Leicester City have lost since 2018/19 have been revealed...

Leicester City have lost an absolute fortune since 2018-19, with their cumulative losses now standing at an eye watering figure as their remarkable fall from Premier League champions to League One has gathered pace.

Just a decade ago, the Foxes were celebrating one of football’s greatest-ever title triumphs and competing in the Champions League. Now, they are aiming for promotion from League One at the first time of asking.

However, the club increasingly overexerted themselves financially around 2018/19, with ambitious spending and infrastructure investment eventually catching up with them.

Their revenues have since collapsed, while the expensive Seagrave training ground remains a huge cost to operate. It's no surprise that

Aiyawatt Srivaddhanaprabha is attempting to sell Leicester City currently.

Leicester City's financial details emerge as concerns outlined

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Since 2018, Leicester have endured an extraordinary decline: four consecutive top-half finishes, including two fifth-placed campaigns, before dropping to 18th.

They then bounced back by winning the Championship, only to suffer another relegation and finish 23rd in their first League One campaign. Alongside it all came an FA Cup triumph in 2021, making their fall even more painful.

However, the figures that have been lost due to three relegations, overspending, mismanagement, the expensive Seagrave training ground running and more have been revealed. It's a sustainability concern given that it is an absolute fortune.

According to The Daily Mail since the 2018/19 accounting period, Leicester’s cumulative losses are about £323 million. The income in League One is dwarfed by what the Premier League and even the Championship generate and they are struggling badly financially.

The people primarily responsible for Leicester City's demise

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There is no single person responsible for Leicester’s remarkable decline, but the club’s leadership has to take responsibility for the decisions that left it in this position after falling into League One.

The post-2016 desire to establish Leicester among the Premier League’s elite was understandable, but spending on transfers, wages and infrastructure eventually became unsustainable, while relegation clauses were not always included in contracts.

Vichai Srivaddhanaprabha’s death in 2018 was an enormous blow, while Aiyawatt Srivaddhanaprabha has subsequently overseen a period of significant financial losses and managerial instability. Jon Rudkin has also taken plenty of flack of late, too.

The scale of the problems explains why King Power are now looking to sell the club, reportedly seeking more than £200m, rather than continue funding the losses themselves.

Leicester's initial deadline to sell the club is in just two days, but there have been more positive noises in recent days. Turki Alalshikh has been in talks over a deal to buy Leicester after his Derby County attempt failed.

Promotion is a big concern alongside Leicester's finances

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Leicester’s predicament has now become even more concerning under Russell Martin, with their start to life in League One falling well below expectations. That is the primary concern for the club, even with so much noise surrounding the potential sale of the club at present.

This is only the second time in the club’s history that they have played at this level, and a club of Leicester’s size, resources and recent history should be aiming for an immediate return to the Championship from League One.

Instead, they have struggled for consistency, with a humiliating 4-0 home defeat to Oxford United leaving Martin under serious pressure.

There is undoubtedly a rebuilding job to undertake after a huge summer turnover, but patience will only last so long. Leicester cannot afford to spend another season drifting in the third tier, meaning the pressure on Martin to deliver promotion is enormous.