“Leicester City’s Jaw-Dropping £18.7M Windfall SHOCKS Fans – You Won’t Believe the INSANE Transfer Decisions Behind It!”

Leicester City have secured bank loans to advance payments from three recent player sales, a method that has become standard practice at the club.

The Foxes worked with Australian bank Macquarie to receive transfer fees from Tom Cannon, James Justin, and Kasey McAteer upfront, rather than waiting for the scheduled instalments spread over several years.

In total, these arrangements have brought in £18.7m to assist with cash flow.

Cannon’s transfer to Sheffield United took place in January, but City have only now opted to bring forward the payments.

They were originally due £5.7m across three instalments over the next two years.

In Justin’s case, City arranged loans against the two £2.5m payments Leeds United were due to pay over the next two years.

This places the initial fee at £7.5m, though performance-related add-ons could lift the final figure to nearly £10m.

Meanwhile, McAteer’s move to Ipswich Town included two £4m payments, which Leicester have also advanced. The base value for the winger therefore stands at £12m.

These new loans add to the £11.3m Leicester borrowed from Macquarie last month, which was secured against payments owed by West Ham for goalkeeper Mads Hermansen.

This financial strategy is not new at the King Power Stadium. Leicester have repeatedly used similar arrangements for sales in recent years, including those of Riyad Mahrez, Wesley Fofana, James Maddison, Harvey Barnes, Timothy Castagne, and Kiernan Dewsbury-Hall.

By utilising bank loans, City ensure immediate access to funds from outgoing transfers, allowing them to stabilise cash flow while continuing to manage long-term financial commitments.