Ex-PL CEO: Leicester face crippling financial situation - 'I don’t see any other option for them'

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(Credit: Imago) Fri 10 April 2026 17:15, UK Leicester City are facing a “fire sale” if they are relegated from the Championship this season. We acknowledge that an independent Commission’s decision to recommend a six-point deduction on the Club has been upheld by an independent Appeal Board.The decision, accepted by the Club, relates to our profit and sustainability position for the three-year period to June 2024.— Leicester City (@LCFC) April 8, 2026 View Tweet MORE FOOTBALL INSIDER STORIES Why Leicester are facing financial ‘problem’Leicester have faced significant financial issues in their bid to comply with the spending rules in recent years.

Financial Metric2023-24 (Championship)2024-25 (Premier League)Revenue£105m£187mPre-tax loss£19m£71mWages£107m£153mLeicester’s accounts for the past two seasonsSpeaking exclusively to Football Insider, Wyness discussed the financial impact on Leicester if they drop down to League One. I would imagine they have got a very heavy burden of debt still.

“There is no other way to finance it, so I’m afraid it’s going to be a real uphill battle to get back up through the leagues.” How Leicester are operating with ‘complex’ leadership structureWyness revealed Leicester’s leadership structure is “complex” as they look to start moving in the right direction again. “That is part of the problem that they have.” Leicester are now preparing to take on Swansea City at the King Power Stadium on Saturday (11 April) as they look to give their survival hopes a boost. 🏆 Championship Insider Access Get the full story from across the EFL with our dedicated expert hubs: Updated 24/7 with expert analysis from across the EFL Championship.