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Leicester to reveal estimated annual losses of £119.5MILLION - the highest in the Premier League - after signing just one player this summer and selling £70m Wesley Fofana to Chelsea

Leicester City’s financial woes will be laid bare when the club reveal estimated annual losses of £119.5million.

Brendan Rodgers’ side are predicted to have lost the most of any Premier League club over the course of last season.

Financial experts at Off The Pitch say only Manchester United’s losses will go close to Leicester’s, with their deficit to be £117m after splashing out on Cristiano Ronaldo, Jaden Sancho and Raphael Varane last summer.

Leicester City are set to announce the Premier League's highest annual loss of u00a3119.5million
Leicester bought just one player this summer, and sold defender Wesley Fofana to Chelsea

Leicester signed just one outfield player this summer – Wout Faes from Stade de Reims for around £15m – and sold key defender Wesley Fofana to Chelsea £70m shortly before the transfer window shut.