Leicester have announced a £20.8 million loss but have still met Financial Fair Play rules . The Foxes have fallen within the Football League 's FFP regulations after announcing their financial results for the year ending May 31 , 2014 with the loss down from £34m in 2013 . A club statement read : 'Through reducing its costs and increasing its revenue streams , the club has been able to submit a return which is in compliance with the Football League 's Financial Fair Play ( FFP ) regulations . Leicester City boss Nigel Pearson watches his players in training ahead of their game with Manchester City . Leicester 's Andy King ( left ) is under pressure from Danny Drinkwater ( centre ) and Esteban Cambiasso ( right ) Cambiasso ( left ) gives chase to Foxes midfielder Matty James ( right ) at the Belvoir Drive training ground . 'After costs relating to the club 's promotion , academy expenditure and other costs allowable under FFP guidelines are added back , the club recorded losses within the allowable parameters set by the League . ' Leicester 's promotion-winning season last term , where they clinched the Sky Bet Championship title , helped the club increase their revenue to £31.2m - up from £19.6m . Staff costs increased to £36.3m after promotion bonus payments of £9.4m while match receipts rose from £5.7m to £6.9m with the average attendance climbing to 25,003 . Chief executive Susan Whelan said : 'The establishment of Leicester City as a successful , self-sustainable Premier League football club remains a long-term work in progress , but these results are a positive reflection of our efforts to build solid foundations to that end . 'It should be noted that one of the most successful seasons in the club 's recent history was achieved while ensuring compliance with the Football League 's FFP regulations , for which our football management staff and senior management deserve great credit . The club 's responsible approach to adapting to the demands of the Premier League has also ensured such compliance , should it be required , would not be compromised in the future . ' Leicester are bottom of the Barclays Premier League and go to Manchester City on Wednesday . Leicester 's Andrej Kramaric ( right ) is closed down by teammate Richie De Laet ( left ) during training . Marcin Wasilewski ( left ) and Jeff Schlupp ( right ) share a joke during the Leicester City training session .
Leicester have announced an annual loss of £20.8 million . However , the loss falls within Financial Fair Play rules . The loss is down from the £34 million recorded in 2013 . Leicester are currently bottom of the Premier League table . Jeff side face Manchester City on Wednesday .