Leicester City will soon be sharing its annual losses and things may not look good for the club. The club is expected to share at least £119.5 million worth of annual losses for the running year.
Leicester City’s Losses Projected to be the Highest
Among the English Premier League Clubs, the losses incurred by Leicester City are expected to be the highest.
It is during Brendan Rodgers’ tenure as the club manager that Leicester City has to go through such high losses.
Manchester United’s Losses to Second Leicester City
According to the experts, Manchester United is the club that will come second after Leicester City in terms of losses.
Manchester United is the only club that will come close to matching the losses that Leicester City has faced so far.
The only reason Manchester United has suffered a loss is due to the signing of multiple players in the last summer. During the period, Manchester United had spent a lot of money on the signings of Raphael Varane, Jadon Sancho, and Cristiano Ronaldo.
Following their signings, it is projected that the losses suffered by Manchester United would reach up to £117 million.
Leicester City’s Recent Transfer Activities
In the recent transfer window, Leicester City only carried out one in-transfer and one out-transfer.
During the transfer window, Leicester City sold Wesley Fofana to Chelsea. Fofana is a French professional footballer now playing as a defender at Chelsea.
Apart from Wesley Fofana, the only player Leicester signed was Wout Faes. Wout Faes is a Belgian professional footballer whom Leicester City signed from Stade de Reims.
The club reportedly paid £15 million for the acquisition of the 24-year-old Belgian defender.
Losses by other English Premier Clubs
Apart from Leicester City and Manchester United, the other clubs expected to post huge deficits are Arsenal, Tottenham, and Newcastle United.
The data suggests that an £84 million deficit may be reported by Arsenal while Tottenham may report a £48 million worth of loss.
Then there is Newcastle, which is expected to report losses worth £40 million for the same period.
Huge Criticism of the Major English Premier Clubs
According to the latest updates, fans and football experts have heavily criticized the spending of the English Premier Clubs in the recent transfer window.
On Thursday, it was reported that the English Premier Clubs spent over £2 billion throughout the transfer window.
In the past, the highest spending reported for the English Premier Clubs was in the 2017 transfer window which amounted to £1.45 billion.
In the recent transfer window, the most expensive transfer was of Antony from Ajax to Manchester United for £90.5 million.