Leicester's relegation to League One has been met with shock and disappointment after a 2-2 draw against Hull. The team's inability to secure a win, despite coming back from a goal down, sealed their fate.
This downfall comes nearly a decade after Leicester's historic Premier League title win under Claudio Ranieri. For the 2026/27 season, the Foxes will compete in the third tier of English football for only the second time in their 142-year history.
Pundits and fans alike have expressed concern over the club's future, with many citing a lack of urgency and passion from the players as a key factor in their demise. The financial implications of relegation will also be significant, with predicted revenue falls of around 50% compared to their time in the Championship.
Despite parachute payments, the club's wage bill will need to be drastically reduced, potentially leading to a major overhaul of the squad.