Leicester City 's losses exceed Football League parameters of £8million . The club has attributed most of the £20.8million to costs of promotion . In a statement released on Tuesday, it said that its accounts for last season were "consistent with our financial position as at 31 December 2011". CLICK HERE for all the latest Leicester City news .
Leicester City 's losses exceed Football League parameters of £8million . The club has attributed most of the £20.8million to costs of promotion . Leicester , who are bottom of the Premier League , could be fined if guilty . CLICK HERE for all the latest Leicester City news .