LEICESTER are set to unveil estimated annual losses of £199.5million – the highest in the Premier League.
That’s despite only making ONE outfield signing this summer.
Off The Pitch financial experts claim Leicester are preparing to make the bombshell announcement as their on-pitch woes continue.
The Foxes are rooted to the bottom of the table after collecting just one point all season.
And Brendan Rodgers’ side reached a new low yesterday when they crashed to a 5-2 defeat at Brighton.
However, things are just as bad off the field too.
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It’s reckoned Leicester will shortly confirm they have made a staggering loss of almost £120m across the last year.
Only Manchester United run them close, with the Red Devils losing £117m.
But while United have been splashing out on numerous signings, Leicester spent money on just one player last month.
Defender Wout Faes arrived from Reims for just £15m – days after Leicester sold Wesley Fofana to Chelsea for £70m.
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The Foxes’ only other signing came in the form of a free transfer for Cardiff backup goalie Alex Smithies.
And he was only snapped up after Kasper Schmeichel departed in a shock £1m move to French side Nice.
Leicester have so far lost games to Man United, Chelsea, Southampton, Arsenal and Brighton.
They blew a two-goal lead on the opening day against Brentford to claim just a point.
And their sole win this season came on penalties in the Carabao Cup against League Two’s Stockport County.
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Leicester’s next game sees them take on fellow strugglers Aston Villa.
And things don’t get any easier when Rodgers’ men then travel to high-flying Tottenham.
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