Premier League leaders Leicester City announce good financial results

Premier League leaders Leicester City have described their latest financial results as the "most successful financial year in the club's history".

The Foxes recorded a pre-tax profit in the year to 31 May, 2015 of £26.4 million, following a loss of £20.8 million in 2014.

The club said its first season in the Premier League for a decade and retention of top-flight status in May 2015 had a big impact on financial performance.

Promotion to the Premier League saw a rise in Leicester's revenue, with total income increasing to £104.4m, up from £31.2m in the previous year.

Leicester City Chief Executive Susan Whelan said: "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."

LM