Leicester City could be in for an interesting summer, regardless of what division they find themselves in.
As it stands, the Foxes are heading for a second relegation in three seasons and will be playing Championship football come August.
| Position | Team | Played MP | Won W | Drawn D | Lost L | For GF | Against GA | Diff GD | Points Pts |
| 17 |  WolvesWolves | 29 | 7 | 5 | 17 | 40 | 58 | -18 | 26 |
| 18 |  IpswichIpswich | 29 | 3 | 8 | 18 | 28 | 62 | -34 | 17 |
| 19 |  LeicesterLeicester | 29 | 4 | 5 | 20 | 25 | 65 | -40 | 17 |
| 20 |  SouthamptonSouthampton | 29 | 2 | 3 | 24 | 21 | 70 | -49 | 9 |
Several players are expected to leave Leicester this summer and the future of Ruud van Nistelrooy could also be in doubt.
Van Nistelrooy has previous when it comes to leaving jobs and the Dutchman may want to leave after failing to be backed.
Financial turmoil over the past few years has dominated off-field events at the King Power Stadium but what will it look like in the second tier? Leicester City News spoke to finance expert Adam Williams to get the latest.
- READ MORE: Leicester City could actually dictate when the transfer window shuts, even if they’re relegated
Leicester likely to have made Ruud Van Nistelrooy assurance
Sacking Steve Cooper was a costly decision for the Leicester owners and one they won’t want to have to repeat again with Van Nistelrooy.
The Dutchman would’ve been aware that relegation is a possibility too when appointed in November and Williams believes that the club will likely have prepared in the event he chooses to leave.
“With the Van Nistelrooy contract, they will have known that relegation was a distinct possibility, if not a likelihood, when they signed off on the deal,” he said.
“I’d be willing to bet they’ve protected themselves somehow, whether that’s through some sort of break clause for him and his staff or another mechanism.
“It’s his first job at Premier League level, so I don’t think he’ll have had a huge amount of leverage in the negotiations.
“So, I’m speculating but I’d have thought that the financial implications of getting rid of him, even though he has two years left on his contract after the end of this season, will not be too severe.”
Leicester should still be able to spend in the Championship
PSR is a term anyone associated to Leicester has become far too accustomed to in recent years.
The Foxes’ financial problems have previously led to the possibility of points deductions, but that hasn’t come to light so far.
Relegation comes at a price and cuts are expected to be made across the board and Leicester may have to restrict what they spend.
But, Williams feels that the books won’t be as bad as first feared and the club could potentially break even.
He added: “With Leicester, it’s difficult to say precisely but I think PSR will be less of an issue from next season, regardless of what league they are in.
“We don’t have the accounts for 2023-24 but the loss isn’t going to be anywhere near as bad as the 2021-22 or 2022-23, then they lost about £90m each season. I think there’s an outside chance they could even break even – we know that they haven’t breached PSR for that assessment window, at least.
“For 2024-25, they had to spend to compete in the Premier League. But their wage bill be much more modest as a percentage of revenue than the seasons that got them into trouble with PSR.
“When they’re back in the Championship, their allowable loss for the three-year period (2023-24, 2024-25, 2025-26) will be £61m or thereabouts. They should have ample headroom there.
“It’s then a question of to what extent they gamble while they are still in receipt of parachute payments to try and go up again.“