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How Leicester cut their almost £50m yearly wage bill in half

Leicester City FC v Manchester United FC - Premier League
Leicester City FC v Manchester United FC - Premier League | Michael Regan/GettyImages

The problems at Leicester City Football Club are not yet over by a long shot, yet progress has been made in several areas on and off the pitch. If readers are not aware, read on or jump a couple of paragraphs if not!

Previously scrutinised new LCFC head coach Russell Martin is one clear example of this shifting tide. The retired Scotland international (yes, the 40-year-old did actually play for the Tartan Army) was not particularly coveted by Leicester's Blue Army faithful, yet he arrived nonetheless.

Since his arrival, Martin has not put a foot wrong with respect to most of his plans, delegation and strategies; consequently widely earning the City fan base's respect and admiration in the process. Some of the more discerning support will always view the Brighton-born boss with suspicion due to his suspicions, along with revealing, Southampton and Rangers tenures.

However, any person deserves a second chance in sport; indeed, Martin has actually proven himself ideal after four friendly wins, one draw and zero losses. In addition to those fine early results, the Foxes gaffer has his men's fitness rapidly improving ahead of sure-to-be challenging League One campaign.

A focus on youth (although he had little choice given LCFC's straitened circumstances) is another element that has pleased fans and aided the team's development and evolution. Ridding themselves of almost every counterproductive, negatively influencing footballer among the squad was perfect as well; Martin would have had a say in who goes, in spite of the overriding need to sell high earners and balance books.

These are the ridiculously culprits who contributed to over half of Leicester City's ridiculous 2025/26 wage bill

LCFC's seven highest earning players from the 2025/26 roster were Harry Winks, Ricardo Pereira, Patson Daka, Jamaal Lascelles, Boubakary Soumare, Jordan Ayew and Jannik Vestergaard; as reported by The i Paper, via data from Capology. Incredibly, and rather annoyingly given City's plight, that group amassed £24.2 million in combined yearly salary alone.

"Combined, their salaries along with Ayew’s makes for £24.2m in yearly wages – more than 50 per cent of Leicester’s overall bill last term."
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That staggering figure actually came to more than half of the East Midlands outfit's overall wage bill last term, which stood just under £50m. Removing those underperforming and overpaid athletes was necessary for rebuilding team attitude, restoring a winning culture and securing the organisation's long-term financial future.

At last, Foxes executives are finally acting with what is best for the club. Rather than implementing short-term fixes, as they navigate this great reset.

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