Leicester City set to bank staggering $357m after title win

By Laurie Whitwell for the Daily Mail

Leicester City went in to the season with championship odds as high as 5000-1. Photo / Getty
Leicester City went in to the season with championship odds as high as 5000-1. Photo / Getty

Leicester's bank balance will profit from the benefits that champions enjoy in the months to come.

For simply competing in the Champions League group stage, Leicester will receive £9.3million (NZ$19.5m) while each win will further line their pockets to the tune of £1.2m ($2.5m). Even a draw at Europe's top table generates £390,000 ($819,000).

Added to that is a slice of the TV revenue drawn from BT Sport's massive £897m three-year investment in European football. The pot for 2016-17 stands at around £75m and the champions will receive the lion's share - about 40 per cent.

All this means that if Leicester go out at the first stage without picking up a point, they will still earn close to £40m ($84m).

That is before revenue from three guaranteed home games and additional sponsorship are factored in.

Winning the Premier League title has also handed them around £90m ($189m) in prize money.

This is £10m short of what Chelsea earned last season and likely to be less than Tottenham, Arsenal, and the two Manchester clubs would have got this term because Leicester have not been on TV as frequently.

Each time a club is shown live by Sky or BT Sport they receive a set fee (nearly £800,000 per match last season). That's 1.7m NZ$ each game.

But it is only recently that the two broadcasters have started to regularly select Leicester games.

In the first half of the season, just four of their games were shown live.

Next season that will change, however. Leicester will benefit from being a side everyone wants to watch. Match-day and retail income will also go up from the £30m banked in the 2014-15.

Conservatively, they can expect to bring in an estimated £170m from their title victory, representing a staggering growth from the £31.2m generated in their Championship-winning season of 2013-14. In 2012-13 that figure was just £19.6m.

Costs will inevitably rise too, with players' salaries increasing. Last season, staff costs across the club amounted to £57m - up from £36.3m in 2013-14 - and new contracts for Mahrez and Kante, each on around £40,000 per week, are essential.

Wes Morgan and Danny Simpson will have one year left on their contracts in the summer, while Kasper Schmeichel, Marc Albrighton, and Danny Drinkwater have two years remaining.

Manager Claudio Ranieri, meanwhile, is set to seal a £5m bonus by virtue of his clause to receive £100,000 for every place he finishes above the relegation zone.

Jamie Vardy signed a new deal in February, initially worth around £80,000 per week and his earning potential, like others, will be enhanced.

A bidding war took place for the rights to Vardy's autobiography, with advance offers from publishers in excess of £500,000.

- Daily Mail

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