Spending £50million on Patson Daka, Jannik Vestergaard and Boubakary Soumare sent Leicester City on collision course with Premier League and Championship bosses. Not to mention LCFC reportedly angering other English Football League and top flight clubs. The Telegraph's John Percy has now pinpointed when and where Leicester's hugely significant financial problems began. And the reason, as previously outlined, is as unnecessary, annoying, imprudent, prophetic and disastrous as the Foxes' Blue Army supporters likely imagined.
Brief rant and introduction
All in all, you really have to congratulate Foxes director of football Jon Rudkin and chairman Aiyawatt 'Khun Top' Srivaddhanaprabha on some truly nice work. What an absolute debacle! They, seemingly along with exiting Chief Executive Officer Susan Whelen, have almost run this great organisation and team into the ground.
All right, that's my brief rant over; we can now concentrate on the story and business at hand. The information I will relay is from the aforementioned top source (Percy) in its entirety.
Spending £50m on Patson Daka, Jannik Vestergaard and Boubakary Soumare set Leicester City on a collision course with division leaders and rival sides
First of all, the Midlands-specialist journalist described City's Profit and Sustainability situation as a "battle for compliance". He stated that issues began in the 2021/22 campaign. That's when the previously mentioned trio were unfortunately acquired.
"The saga places a dark cloud over Leicester’s promotion attempt and has also angered other Championship clubs."John Percy
My take at the time was this. Upon Daka signing, I was intrigued to see if the rapid striker had composure, quality and resolve. He didn't.
I was dead against Vestergaard's signing, especially at the inflated fee. The defender has not turned out to be a wise investment!
Soumare is arguably the most talented of the three. Though he is also often the noticeably indolent one of the group.
To spend approximately £50m on them collectively was pure footballing insanity! And you can thank the respective arrivals for setting LCFC on a collision course with the sporting powers-that-be:
"Why are Leicester so financially restricted?John Percy, The Telegraph
Leicester’s battle for compliance has been ongoing for years, and the problems can arguably be traced back to the 2021-22 season.
That summer they spent around £50m on Patson Daka, Jannik Vestergaard and Boubakary Soumaré and, crucially, made the decision not to sell any first-team players."