Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13726)           
UK only International

Leicester City’s unlikely title win delivers £140m for local economy

By Matthew Campelli    23 Nov 2016
Leicester City expectedly won the Premier League title in May 2016

Leicester City’s remarkable Premier League title win has resulted in stellar growth for the local economy, with £140m (US$173.3m, €163.2m) added to the local coffers over the course of the 2015/16 season.

According to a study by Ernst & Young, 120,000 visitors were attracted to the East Midlands city and surroundings to watch Leicester City matches.

Visiting fans contributed more than £6.5m (US$8m, €7.6m) to the local travel networks, accommodation, retail and food and drink, while the 2,500 jobs supported by the influx helped generate £78m (US$96.5m, €91m) in tax revenues.

And the growth is set to continue as a consequence of the club’s solid first showing in the UEFA Champions League.

Leicester City qualified for the second round of the tournament last night (23 November). EY estimated that 10,000 additional international visitors are coming to the area to watch European matches, contributing an additional £4m (US$5m, €4.7m) in stadium revenue and £8.4m (US$10.4m, €9.8m) to the region.

The added revenue for the football club has filtered down into the local community, with the Leicester City Football in the Community Trust spending £580,000 (US$717,789, €676,318 on projects benefitting 6,600 local people.

Around £2m (US$2.5m, €2.3m) was also donated to the Leicester Hospital Charity.

“The sporting and commercial success of the club in 2015/16 and the projected growth in 2016/17 has allowed it to further embed itself as a key participant in the local economy,” said EY chief economist Mark Gregory.

“As the club grows it attracts more fans, employs more people, engages more local suppliers, invests more in community facilities, increases the region’s global profile and elevates its attractiveness to visitors and businesses alike.”

Leicester City  Premier League  Leicester  economy  EY 
Sign up for FREE ezines
Related news
Related features

Company profile

Company profile: Legend by Xplor
We help a wide range of public sector leisure operators (including Leisure Trusts, Leisure Management Companies, Local Authorities and Universities), as well as private operators, to streamline complex operations, achieve growth and drive retention.
View full profile >
More company profiles

Featured Supplier

Panatta to showcase innovation at major fitness and bodybuilding events in 2024
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry events around the globe.
View full details >
More featured suppliers

Property & Tenders

Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
Location: Verwood, Dorset
Company: AVISON YOUNG
Location: Hall Place House, Bexley, DA5 1PQ
Company: London Borough of Bexley
Location: 15 Concessions across the nation's forests
Company: Forestry England
More properties & tenders

Diary dates

11-14 Apr 2024
Exhibition Centre , Cologne, Germany
22-24 Apr 2024
Galgorm Resort, York
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
More diary dates