According to ESPN Soccer, Leicester City are in a state of uncertainty, at the lowest ebb in their 142-year history, and are languishing in the third tier, the EFL League One. The club's fortunes have changed quickly since their Premier League win in 2016, when they finished 124 places higher than Stockport, then a sixth-tier team in the semi-professional Conference North.
Neil Lal, a Scottish-Indian businessman, has gone public with his attempt to buy the club and has a five-year plan to get Leicester out of League One, into the Championship and back to the Premier League. Lal has stated that he will introduce capital, but the club is in debt and has a huge wage bill.
Manager Russell Martin is yet to win over the club's long-suffering supporters, who have seen three different managers come and go last season. Martin's purist style of football has been met with criticism, and he has said that the criticism has become "personal."
The next step for Leicester City is for interested parties to confirm their offers by Monday, as instructed by Citbank.