Older fans are well accustomed to Leicester City operating as a classic yo-yo team. LCFC necks were perennially and chronically sore from looking up and then down in previous decades. Then came the visionary (Khun) Vichai Srivaddhanaprabha, "The Boss" - and everything changed!
The Blue Army could have easily survived a bad year or two, but successor Khun Top's reign has devolved into a systemic collapse. Consequently, while the elder Foxes among the support land where they are more typically placed, younger fans feel betrayed by Top - and rightly so!
​The buoyant optimism that once defined the King Power era has evaporated into a distasteful fog of administrative, financial, recruiting and hiring negligence. To examine the metrics curated by Transfermarkt and WhoScored is to witness a once-proud sporting enterprise reduced to a harrowing spreadsheet of sporting decay.
City's is a regression measured not just in points dropped, but in a crippling wage-to-revenue ratio and the looming spectre of monetary breaches that threaten to tear the very fabric of the club asunder. Terraces and digital forums hum with apprehension as the boardroom's paralysis drags a former champion toward the abyss.
Hopefully stability will eventually arrive from King Power. Alternatively, and more probable, is that only fresh ownership would truly stabilise the outfit: injecting the fresh capital and ruthless competence and dedication required to arrest a possibly terminal slide.
Who's worse - Tottenham Hotspur or Leicester City?!
​The Foxes are not alone in navigating such hazardous waters - just look at Tottenham Hotspur's capitulation. With the immense size of their global fan base and the eye-watering upkeep of their modern colosseum, Spurs are heading for severe and potentially irrecoverable problems if Premier League relegation is ever realised.
"It has been estimated that Spurs could lose £250 million if they went down. Attendances would most likely drop, due to the fans not wanting to pay the price for a full season ticket, and watch something that isn't Premier League football."DAZN
While North London feels comfortably immune to such catastrophes, modern football history is littered with giants (and smaller organisations) undone by hubris. The gravity of massive overheads suddenly collides with the harsh implications and realities of the lower tiers.
​Similarly, Leicester must stay up or face financial and status obscurity. The EFL Championship is an unforgiving graveyard for former EPL titans who failed to arrest their downfall. Sadly parachute payments dry up and heavy debt burdens consume anything.
"A football finance expert has given a sobering assessment of what a second successive relegation would mean for Leicester City – and why they might find League One a more difficult prospect that Birmingham City or Wrexham."LCFC Live
If the LE2 hierarchy cannot rectify their trajectory, the pride of the East Midlands risks being permanently left behind: a tragic monument to what happens when footballing fairytales meet modern financial gravity.