Tuesday 10 May 2016

Leicester City - The Financially Impossible Story

An amazing thing has just happened in my city. Leicester City Football Club has won the Premiership. Outside of the usual ‘big spenders’, Leicester are only the second club to manage the impossible (Blackburn Rovers being the other club in 1994/95).

They won it on team spirit, togetherness, courage and determination. In the end, money can’t buy determination.

It’s worth looking at the financials here. The chart below, from the BBC, shows how Leicester stacks up in terms of cost, against the biggest spending club, Manchester City:



Yes, that’s right. Leicester has just won the Premiership with a team valued at 7.5% of the ‘top’ club.

And that’s not all. Leicester City have also attained the greatest financial ‘over achievement’ when measured against wages. Here’s the proof courtesy of the Financial Times no less (via Pensions Playpen):



Much has already been written about this impossible success. And I’m sure there will be more to follow. Cold finance says this achievement is impossible. The dreamers at Leicester City say otherwise.

All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible.
T. E. Lawrence

1 comment:

Anonymous said...

Good post.