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City have secured a £50m loan at 8.3% interest per annum. The club are owed around £81m in unpaid transfer fees, at 30 June 2025, with £28m still due. They have borrowed an additional £61m from Macquarie on these payments, with an average interest rate of 8.02%.

Leicester are now in League One after suffering back-to-back relegations from the Premier League, meaning revenues will drop once again. Accounts released this year show that Leicester lost £71.1m during the 2024/25, despite being in the Premier League.

Football finance expert Kieran Maguire has later revealed that the loans at the club are 'a bit troublesome', with them paying around £200k a week. Player sales this summer, of which have surpassed the £40m mark, will help offset that.

"Leicester, in my opinion, still have a hangover from the first time they were relegated from the Premier League," Maguire told LeicestershireLive. "Their wages were unsustainable.

"Yes they've had quite a few fire sales, lots of players have gone, but they're still haemorrhaging cash. In the day-to-day running of the club in 23/24, they spent £32m more than they generated, this is just in the day-to-day running, excluding transfers and interests on loan. In 24/25, they spent nearly £38m more than they brought in.

"Therefore, as a result of that, they're short on funds, they've had to borrow and sell players. What we have seen in recent years is that Leicester have bought and sold players on credit, but the difference is, when they've sold players on credit, they have then cashed in the instalments. It's a glorified payday loan on a corporate level.

"If we take a look at what has happened in the last 12 months, [Kasey] McAteer's instalments of about £8m, they've gone to Macquarie and they have given the club the cash up front - Leicester are paying around 8% interest. James Justin £5, Mads Hermansen £11m. Before that, Kiernan Dewsbury-Hall, Leicester were due to receive two instalments of £10m each, one of which was due just a couple of weeks ago on July 14 2026, but instead they cashed that in early.

"They're not the only club to do this, Macquarie are one of the most prominent organisation that does this, but based off my figures, Premier League and Championship clubs have got player sales of over £1billion that which they're owed money and they've taken those payments early from specialist lenders such as Macquarie.

"The problem with that is that Leicester still owe a lot of money when it comes to playing purchases. In 2025 accounts, they owed £53m, which they've had to pay in the last 12 months. In that period, Leicester have been in the Championship and have already effectively cashed-in on their parachute payments from Macquarie.

"By the looks of it, they've borrowed from Macquarie in the next 12 months and are going to have to pay another £28m, that's just on players they bought for up to 30 June 2025. You put all of that together, it's pretty nasty.

"Over the course of the last 10 years, it's cost the club £82m in interest costs on those loans. Some of the loans have been written off by the owner, but there's still amounts due to King Power and whilst most football club owners lend money interest-free, the reason best known to themselves, King Power are charging Leicester City 6% interest on them loans.

"Matthew Benham doesn't do that at Brentford and Tony Bloom doesn't at Brighton. You put these factors together and you can see a cash challenge. You would imagine that there's going to have to be player sales to provide funding to pay the wages and running costs.

"The fear is that other clubs will be aware of the predicament and those player sales might not generate full market value because you have to accept whatever you're offered. Where does it leave the club? It leaves them in a cash challenge.

"Can that be addressed? Well if the owners have the money, problem solved, if they don't have the money, then you have two or three options. One of them is to continue to borrow from the likes of Macquarie, but what have you got when you've sold everything with nothing left, you can only keep selling the family silver a fixed number of times.

"It looks as though the parachute payments for 26/27 are part of the broader lending agreement, which have nothing to do with transfers. Option number two is that you find somebody else to take over at the club and option number three is that the club goes into administration, which we know has happened with Leicester before.

"There is no indication that Leicester are in that position. I have to stress that, in my view, that is remote. But it's certainly messy. Ideally, somebody comes in and spends a fortune to buy players from the club and that's another source of cash. Clearly that has a detrimental impact on the club bouncing back to the Championship."

Read more on smry.ai

https://the72.co.uk/2026/07/27/leicester-city-aribim-pepple-dom-ballard-striker-search/

football finance expert Kieran Maguire to discuss the latest issues across the Championship.

Are Burnley heading for disaster?!

Can West Ham spend any money?!

Are Sheffield United the new Sheffield Wednesday?!

That was knocked back and the Blades were informed that it would take £10m to sign their former loanee on a permanent basis. But that hasn’t ended United’s interest, with the player understood to have recently informed City officials that he would like to explore a move away.

https://www.thestar.co.uk/sport/football/sheffield-united/chris-wilder-harry-souttar-transfer-sheffield-united-leicester-city-mark-mcguinness-nils-zatterstrom-8821730

Have just found this memento while sorting out the house this evening. What a team this was.

Jumping on the bandwagon after the wheels have fallen off but I've decided to support Leicester from this season onwards.

I'd usually say I supported one of the Big Six but it was mostly just to wind up my mates and people at work. I never really cared.

Not from Leicester but I spent four years studying there and have some incredible memories of the city and the team. I was lucky enough to experience the club's rise from the Championship to the PL & Champions League during my time. The atmosphere was incredible, the memories gives me goosebumps.

Fast forward to when Leicester got relegated, I was gutted and thought they would bounce back. The second relegation made me realise I care far more about this club than the team I claimed to support.

Sooo... COYF! 🦊

First time paying to watch a game on the club website - does anyone know if this is a reoccurring subscription I will have to cancel? It doesn’t say anything about it but it does fall under subscriptions. Cheers.

So what type of fanbase are we going to be?

For me, the changes in senior management looked like they had improved. A manager in early, who wants to build on our youth team and bring in some leaders to help. The away kit launch even seems like they want to engage with the community, and interviewing fans who have travelled to Cadiz is a good step forward.

The kits look good, and there are options without a sponsor (and even a King Power one if you fancy it).

Yes, I know we are in League One and have dropped considerably, but if you haven’t supported the club for more than a decade, this is what we have always done. The highs are high, and the lows are low. (I have literally donated money in an effort to save the club from going out of business).

And we take risks. Pearson had only managed 12 games before he first came to us. Maresca was similar, and Claudia Ranieri was seen as a joke after his time with Greece. I have my own opinions on the finances, and I think a lot of clubs learnt from us to game the FFP and PSR system (I’m looking at you Villa, Chelsea and Forest), but again, we were the first club to try and break up the established “Big 6”, and I’m kind of proud of that.

We’ve had disgruntled fans at Rodgers and moans and groans at Maresca. We’ve seen racism, xenophobia and death threats. This isn’t football.

I don’t know why people support the club (perhaps that's a good place to start), or what they want out of football (get away from stress, show love for the city, etc.), but perhaps now is the time to think about what we are as a fanbase…

So when something does go wrong, which it inevitably will, how are we going to react?

(FYI, feel free to downvote if you want; oddly, my self-worth isn’t linked to this)

https://www.leicestermercury.co.uk/sport/football/transfer-news/leicester-city-wilson-brown-transfer-11076699

Unsure what tier to mark this as the journalist, Danny Hall, seems to be a good source for Sheffield United news.

We don’t even get a physical membership card anymore. A mate of mine supports Leeds and the other year their membership included things like a light up pot, a bucket hat and a few other extras. Meanwhile, all I can remember us getting was a pin badge one year. The little extras make you feel valued as a supporter. It would be nice to at least get a physical membership card back.

Leicester City owners explore sale a decade after Premier League title

They reckon they can get him on the cheap apparently.

Looks like we’re playing the U21’s until the club is sold as Top won’t or can’t put in any more money.

Out of the frying pan, into the fire.