Leicester City sister club OH Leuven announce more losses as total reaches €87m

As reported by Het Nieuwsblad, the sister club of Leicester City, OH Leuven, have announced more losses. The club has revealed their annual loss to be €18m, meaning that the total loss since they were acquired by the Thai owners of the English side have now reached €87m. However, even with the high losses, the clubs owners have continued to inject money into the club to mean that it remains viable and safe from going under.

Yet they may well be questioning where their investment over the years has gotten them. While it did help the side gain promotion to the Belgian Pro League, they are in danger this year of being relegated back to the second tier. Back to back wins over Genk and Westerlo have seen them climb out of the bottom four, but only on goal difference as they sit level on points and games won with Charleroi.

The rest of February will certainly go a long way to determining the sides fate at the end of the season. They face three struggling sides in Standard Liege, Charleroi and RWDM by the end of the month. After that, its two fixtures against title chasing Union St Gilloise and Club Brugge before a final home game against KV Mechelen.

GBeNeFN | Ben Jackson

More European Football News