Leicester City's fairy tale Premier League title win in 2016 now seems like a distant memory, as the club has plummeted to League One in a staggering decline. The Foxes' remarkable 5,000/1 title triumph was celebrated with an unforgettable serenade by opera singer Andrea Bocelli at the King Power Stadium.
However, 3,642 days later, Leicester's relegation to the third tier was confirmed after a 2-2 draw with Hull, marking a new low for the club. This downfall is unprecedented in the modern era, with Leicester becoming the first former Premier League champion to drop to League One within a decade of winning the title. The club's financial struggles will be exacerbated by a significant loss of revenue, with predicted earnings falling by around 50% compared to the Championship.
Despite parachute payments designed to soften the blow, Leicester's wage bill will need to be drastically reduced, potentially leading to a massive overhaul of the squad. The most notable casualty could be Abdul Fatawu, whose market value has likely plummeted from £35m to £10m-15m lower. Fans are left reeling, with one supporter describing the situation as 'a disgrace' and the 'most embarrassing season in the club's history.' As Leicester embarks on a new chapter in League One, the question on everyone's mind is: can they bounce back from this devastating fall from grace?