Leicester City's 2016 Premier League title win, achieved against 5,000/1 odds, is a memory that will be cherished for generations. The team, led by Claudio Ranieri, celebrated their historic victory with fans before their final home match against Everton, with opera singer Andrea Bocelli performing a memorable serenade. However, 3,642 days later, Leicester suffered a drastic fall from grace, getting relegated from the Sky Bet Championship after a 2-2 draw with Hull.
This downfall is unprecedented in the modern era, with the club finishing 12th in their first season after the title win and subsequently experiencing a series of disappointing finishes. Despite reaching the quarter-finals of the Champions League and winning the FA Cup in 2020/21, Leicester's performances continued to deteriorate, leading to their relegation to the Championship and eventually to League One. The club's financial situation will also be severely impacted, with a predicted 50% drop in revenue compared to the Championship, and their parachute payments reducing over time. The wage bill will need to be significantly reduced, and a major overhaul of the squad is expected, with many players becoming unaffordable for a League One club.
Fans and pundits alike are shocked by the club's rapid decline, with some attributing it to poor management and a lack of sustainable ownership. The future looks bleak for Leicester City, with some predicting further relegation and a long road to recovery.