Premier League leaders Leicester City winning on and off the pitch after revealing record profit and revenue figures in latest financial accounts

Joe Hall
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On the up: Leicester are three points clear at the top of the Premier League (Source: Getty)

After increasing their lead at the top of the Premier League this week, Leicester have given fans more reason for cheer by announcing record profit and revenue figures.

Leicester heralded the "transformational impact" of being in the Premier League after they turned a £26.4m pre-tax profit last season, their first in the top flight in 10 years.

A year earlier the Foxes suffered a £20m loss as Thai billionaire owner Vichai Srivaddhanaprabha funded a promotion push from the Championship.

Read more: How much would Leicester be worth if they won the league?

The rewards were well worth it however, with Leicester generating £104m in revenue last season despite only narrowly avoiding relegation - a £73.2m increase on the year before.

Leicester are now on the cusp of even greater riches as they sit at the summit of the Premier League with just 10 games to go thanks to the stunning performances of previously unheralded stars such as Riyad Mahrez and Jamie Vardy.

Should they win the league, the club could be worth 11 times what duty free store magnate Khun Vichai paid for them in 2010 according to analysts' estimates.

Read more: Who is Leicester City's owner Khun Vichai?

"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," said chief executive Susan Whelan.

"This has put Leicester City in a very strong position to move forward, and our commitment to delivering success on a continuous basis is foremost in our planning."

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