We Need To Talk About Parachute Payments
Leicester City was relegated back to the EFL Championship at the end of the 2022-23 Premier League season. The club sold and loaned multiple star players, including star attacker James Maddison, winger Tete, fullback Timothy Castagne, winger Harvey Barnes, and lost free agents Youri Tielemanns, Cayglar Soyuncu, Daniel Amarety, Ayoze Perez, Jonny Evans, Luke Thomas, and Boubakary Soumare. The club enjoyed a solid 7-year run in the Prem, which saw them win the league title in spectacular fashion in 2016, the FA Cup and Community Shield in 2021, and enjoyed four seasons of European football competition. They sacked Brendan Rodgers, who oversaw their FA Cup and Community Shield wins and took them into the Europa League and the Conference League, but it was Dean Smith who guided them to the drop as the ship became rudderless. Leicester had to do a massive reset of their finances and transfer budget but will be aided by parachute payments from the Premier League. Parachute payment...