Leicester City: Premier League champions in pictures

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Leicester City have won the Premier League title in one of the most unlikely success stories in British footballing history.

It was, says The Guardian, "a triumph that was never supposed to happen". Having narrowly escaped relegation at the end of last season, Claudio Ranieri's team dominated one of the world's most competitive tournaments, winning 22 matches and lost just three.

Celebrations "have continued into a second day", says the Daily Telegraph, after a wild night in Leicester.

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Leicester were confirmed as champions last night, after Tottenham drew 2-2 with Chelsea, leaving the Foxes with a mathematically unassailable lead.

The win could provide Leicester City with a financial boost of £150m, according to analysts at sports data and marketing firm Repucom. "The sum comprises Premier League prize money, Champions League participation cash, and increased match day revenues from ticket and hospitality sales," says the BBC.

Some sports gamblers will also be banking big payouts on the back of the Foxes' win, with bookmakers expected to pay out millions of pounds. Leicester City were 5,000-1 long shots to win the Premier League at the beginning of the season, with ony the three promoted sides - Watford, Norwich and Bournemouth - at longer odds for the title.

"Sky Bet said it had paid out a record £4.6m to gamblers," reports the Guardian, after 128 people backed City at the longest price.

But the award for the most interesting side-bet goes to BBC presenter Gary Lineker, who pledged in December that if his beloved Leicester City side won the Premier League, he would "present Match of the Day in my underpants".

He has "confirmed that he will remain true to his word", says the Telegraph.