Leicester's financial arrangements questioned
As Leicester City tighten their grip on the title, they are coming under greater critical scrutiny with commentators pointing out that fairy tales have their light and dark sides. The Times suggested this morning that they are not a nice team.
Now experienced football journalist David Conn has raised questions about some rather unusual financial arrangements made in the 2013-14 season that are still under investigation by the football authorities. Apparently, the club sold its sponsorship rights to a new company with links to the club which then sold them back again to the owners.
This had the effect of boosting their income by £11m and reducing their losses, making them less susceptible to a fine under financial fair play rules.