Finance Expert: Leicester to sell stars as ‘Massive’ costs revealed after relegation

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Following confirmation of Leicester City’s relegation to League One, Chairman Aiyawatt Srivaddhanaprabha has issued the following statement:To our fans,Relegation to League One is now confirmed. When you’re in League One, you need to effectively get rid of almost all of the players that you’ve had that have come in from the Premier League.

You need to rebuild with players who are more appropriate to League One. You might be okay next season, but if it doesn’t go well, the season after you’re going to be in real trouble, so you need to reset the wage bill.” Why Leicester face significantly bigger costs than League One clubsBorson revealed the costs of running their state-of-the-art training ground will be a concern for Leicester next season.

“One of the big issues that Leicester are going to have is that the whole club is set up for a much bigger league and a much bigger cost base,” said Borson. It’s going to have loads of staff.