Leicester City Stars Face Financial Punishment for Relegation

Leicester City manager Claudio Ranieri, left, with Ahmed Musa.
Leicester City manager Claudio Ranieri, left, with winger Ahmed Musa at King Power Stadium, Leicester, February 5. Ranieri is under pressure following a poor run of results. Ben Stansall/AFP/Getty

Leicester City's players face pay cuts of 40 per cent in the event of relegation, according to a report.

Leicester produced one of the most remarkable upsets in English football history last season by winning the Premier League title. But this season has been disastrous by comparison, and the champion now lies just one point outside the relegation zone with 14 games of the campaign remaining.

According to The Times, Leicester's Premier League winners will be forced into pay cuts of up to 40 per cent of their current wages should the unthinkable occur and the club be relegated.

Manager Claudio Ranieri, who was in charge last May when Leicester lifted the Premier League, has cut an increasingly forlorn figure and suggested before the 3-0 defeat to Manchester United on Sunday at King Power Stadium that Leicester's players should visit the club's owners if they wanted him sacked.

However Ranieri, who has also led Leicester to the UEFA Champions League round of 16, is understood to be safe in his position.