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Finance guru's Leicester verdict

Football finance guru Kieran Maguire has discussed the financial consequences of Leicester City’s relegation to League One.

“I don't think they’ve got a lot of money coming in, so realistically it's going to have to be a fire-sale, and the other thing is that the owner is going to have to dig the club out...It really does now come down to the level of commitment from the owner, which has been missing in recent years.”

Maguire says Leicester can’t rip up player contracts just because they have been relegated twice and continued: “You say the players will walk away, well the average wage at Leicester last season was £67,000 a week and if they've got a contract, which has another two or three years remaining, they can say to Leicester ‘You either pay us up or we stick around’ because the players' first responsibilities are towards their families not the club owner.”

One can sympathise with fans who held up 'King Power Out' banners up on Tuesday, but after years of mismanagement, who would want to come in?

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