Leicester City's Turnover Jumped 77% in Their Last Premier League Season. Jamie Vardy Still Had to Say Goodbye

In the 2024-25 season covered by these accounts, Leicester City were relegated from the Premier League with five games still to play, one of the more resigned relegations of recent seasons, as Ruud van Nistelrooy was unable to arrest a decline that began under Steve Cooper the year before.

The season also marked the end of an era, as Jamie Vardy, the club's Premier League title-winning talisman, scored his 200th Leicester goal before departing at the end of the campaign, closing the book on the most romantic story English football has produced this century.

Turnover still grew by around 77% to close to £190m, a full season of Premier League broadcast revenue following promotion the year before, and net assets of around £110m show a club in a fundamentally strong underlying financial position despite relegation.

A pre-tax loss of around £70m reflects a squad and wage bill, with staff costs of around £150m, built for Premier League survival that ultimately fell well short, costs the club is now unwinding back in the Championship, and then League One a year later.

Leicester's fall from Premier League champions to League One club inside a decade is one of the more dramatic stories in recent English football, and Vardy's farewell in a relegation season captured the moment perfectly.