Leicester Riders — Investor Profile

Men's · Super League Basketball

Not an audit. Compiled from AI-assisted deep research into UK professional basketball financial/ownership structures (source doc dated 2025, regulatory status as of October 2025). Not an independent audit — verify before relying on any figure here.

Turnover: £2,200,550 (period ending 28 Nov 2024)
Operating result: Operating deficit of £48,377
Net equity: £3,504,310 (£7.2m tangible arena assets, £854k current assets, £4.55m liabilities — chiefly long-term bank debt and council mortgages)

Legal entity

Leicester Riders Foundation (CLG) + Leicester Community Sports Arena Ltd (asset vehicle)

Owner / backer

Kevin Timothy Routledge (Chairman, rescued the organisation from bankruptcy in 2007) — community trust model, no external benefactor

Ownership concentration

Distributed across foundation trustees; Routledge has been stabilising chairman since 2007.

Venue

Mattioli Arena (formerly Morningside Arena) — owned via foundation trust. Initial build £4.8m (2016), subsequent expansions £7.5m+. Capacity 2,400 (expandable to 3,000); avg. attendance 1,850–2,200.

Venue risk

Club owns the venue via its foundation trust structure — lowest venue risk in the league.

Risk classification

“Highest sustainability rating in domestic basketball — non-matchday commercial venue operations protect the basketball programme from cash shortfalls.”

Notes

Revenue composition: £1.73m trading/arena hosting, £360k charitable sports delivery, £73k donations/grants. Headcount 35–45 full-time.

Compiled: 2026-09-14