Ndidi, Iheanacho may quit Leicester

Ndidi, Iheanacho may quit Leicester

With Leicester City expected to exceed permitted losses of £83 million over three-year period, the club will have no option than to release some of it's higher earning players. 

The two Nigerians on the team's bill, Wilfred Ndidi and Kelechi Iheanacho's contracts are up at the end of the season but the possibility of the Foxes initiating renewals is far. 

Already the club is under pressure to sell players this summer even if it returns to the Premier League to avoid breaching financial rules.

Leicester has been plunged into a potential financial crisis after it emerged that the club is expected to fail profitability and sustainability rules (PSR) after racking up heavy losses.It's forecasted to comfortably exceed the permitted losses of £83 million over a three-year period.

Premier League losses are £105 million but Leicester’s allowance is lower as for this campaign they are a Championship club.

Last year the club announced record losses of £92.5 million for the 2021-22 season, and it is understood that latest financial accounts are also likely to report a heavy deficit when they are announced this month.

The key point is how much Leicester’s losses were in the 2022-23 season when they were still in the Premier League.
Last summer the club sold James Maddison to Tottenham for £40 million before the end of the financial year and will be in a similar predicament even if Enzo Maresca guides the club to promotion.

Leicester is still in the FA Cup and could raise money from further progress in the competition while a number of players, including Jamie Vardy, Kelechi Iheanacho, Jannik Vestergaard and Wilfred Ndidi are out of contract at the end of the season.