What happened to Leicester City?

Summary by Krater

This video examines the reasons behind Leicester City's dramatic decline from Premier League champions to relegation contenders, focusing on their player recruitment model, rising wage bills, and the financial impact of the COVID-19 pandemic.

From the video

Answers: What happened to Leicester City after winning the Premier League?

• Leicester City player recruitment model
• Premier League relegation
• Football club financial management
• Wage-to-revenue ratio in football
• Impact of COVID-19 on football club finances

What it concludes

• Leicester's player recruitment model of selling one key asset per summer and reinvesting successfully brought in 255 million pounds between 2016 and 2020.
• The COVID-19 pandemic severely affected King Power's travel retail business, causing Leicester's turnover to drop and contributing to losses of 92.5 million pounds.
• Leicester's wage bill grew from 122.4 million pounds in 2019 to 182 million pounds in 2022, pushing their wage-to-revenue ratio up to above 80%.
• Failure to capitalise on player sales for Tielemans and Maddison, combined with poor recruitment of older players on long contracts, caused the Leicester model to break down.
• Brendan Rodgers left by mutual consent in April 2023, and his replacement Dean Smith faced the real danger of relegation and massive TV revenue losses.