The weird thing with Leicester is that while you can easily pinpoint where it went wrong for us and Forest in terms of signings / wages etc it’s quite hard with Leicester.
Over the period they’ve been charged they’ve had some big sales (Maguire / Chilwell / Fofana), some of their signings have been expensive flops but not nearly as many as us. Surely the system has to have some tolerance for a few missteps.
My guess would be that the league win and CL football triggered large pay rises for the squad at that time, and then subsequent signings fit into that new inflated wage structure that wasn’t sustainable without the inflated revenue.
They’ve definitely made mistakes but it shows the unforgiving the whole system is: we want you to spend spend spend to improve the product, woah there you’ve spent too much, we’ll have your points.
It certainly did in 2008 when the rules were introduced... Just had a quick Google and as of summer 2008, Robinho was the PLs most expensive signing at £32.5million... this remained the case up until the RS signed Andy Carroll in 2011 for £35million.
For reference - we signed Fellaini around that time for £15million. This was our record signing... I don't when we broke that record or who the signing was.
But the point is, when the FFP rules were brought in, £10million was a significant fee for the majority of PL teams to pay at the time. There was no way anyone was going to be making £105million losses with transfer fees like that.
Nowadays you can spend £50million on a player and nobody really bats an eyelid, all of a sudden you're half way to breaching if they flop.