Leicester City have posted a record pre-tax annual profit of £26.4 million.

Revenue rose more than three times to £104.4 million from £31.2 million the previous year, after Leicester secured their top-flight status in May 2015.

The club invested an additional £25 million in the recruitment of players after they had tied down several others to long-term contracts, which led to a £20.7 million increase in staff cost to £57 million.

Average attendances at the King Power Stadium have climbed to 31,693 (98.5 percent of capacity).