Leicester City Football Club don announce say dem lose whopping £71.1 million for 2024-25 season, but dem dey confident say dem no go collect more punishment for financial regulations wey dem break. Dis big loss come from di cost wey dem spend to compete for Premier League dat season.
Di club wey win Premier League championship ten years ago dey face serious relegation battle for Championship now. Dem dey third from bottom, just one point away from safety zone. If dem go down to League One, na go be only di second time for dia history.
Leicester don already collect six points deduction from Football League earlier dis year because of financial regulations breach. Dem still dey wait for appeal hearing wey go happen soon. Premier League sef don appeal against decision wey no sanction Leicester for late submission of accounts, and dis fit make dem collect another one point deduction.
Despite di big loss figures wey dem announce today, Leicester management dey talk say dem dey compliant with Profitability and Sustainability Rules (P&S). Independent commission wey give dem di six points deduction accept say dem see “clear downtrend in losses” for di club.
For player matters, Ghana international Abdul Fatawu dey top of list of players wey fit leave di club. Many Premier League clubs and Championship promotion contenders dey admire am. Leicester model na to sell one “star player” every year, and dem go maintain dat policy.
Patson Daka sef go leave when im contract finish for June, so Leicester go look for two new strikers. Dem also need new number one goalkeeper, full-backs, and replacement for Fatawu if dem sell am.
Di accounts wey dem release no include sales of Mads Hermansen (£15m to West Ham), Kasey McAteer (£12m to Ipswich) and James Justin (£8m to Leeds) because dem complete those transfers after June 30, 2025. Leicester sef dey expect around £18.6m from VfB Stuttgart for permanent signing of Bilal El Khannouss.
For management side, Leicester don appoint Kevin Davies, di club former finance director, as dia new chief executive. Dem talk say to improve financial position na “priority” for dem. Dem also appoint James McCarron as new sporting director wey go work with recruitment chief Martyn Glover.
On di field, Gary Rowett wey dem appoint as head coach for February don draw four of im seven matches, lose two. Since im come, Leicester don manage to keep two clean sheets for last three matches after dem no get any clean sheet since September.
Rowett don simplify tactics and give clean slate to players wey im predecessor Marti Cifuentes don freeze out before. Players like Jannik Vestergaard, Asmir Begovic, Aaron Ramsey and Harry Souttar go all dey available after international break.
Wales international Jordan James dey do scan after im come out for World Cup play-off semi-final against Bosnia and Herzegovina, but initial diagnosis no show say injury serious.
Leicester relegation battle dey look like straight fight between dem, Oxford, Portsmouth, West Brom and Blackburn over who go join Sheffield Wednesday for third tier next season. If dem manage to survive for Championship, major changes dey expected for summer.
King Power, di club owners, dey under serious scrutiny from fans wey don lose hope. Relegation go only make more fans call for dem to step down. Di final seven matches go be among di most crucial for Leicester history.
First-team players go receive automatic pay cuts if dem suffer second successive relegation, with salaries to reduce further. Sales of players go likely happen regardless of which division Leicester dey operate next season.
Leicester return to Championship action at home against Preston on April 3. Di next few weeks go determine if dis club wey shock di world with 5,000-1 odds championship win ten years ago go fall to League One.
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