In short:Leicester City will be relegated to the third tier of English football next season just five years after winning the FA Cup.Leicester famously won the Premier League title in 2016, but now faces just its second stint in the third tier in 142 years.What's next?Coventry City has secured promotion to the EPL, with Millwall, Ipswich Town and Southampton fighting for the second promotion.Former Premier League champion Leicester City will be playing in the third tier of English football next season.Leicester, which sealed the unlikeliest title win of the Premier League era in 2016 at odds of 5,000 to 1, needed a victory overnight to maintain hope of avoiding relegation, but drew 2-2 with Hull.The Midlands club, which also won the FA Cup in 2021 and played in England's top flight last season, is second to last in the second-tier Championship.Relegation comes after Leicester was docked six points in February for breaching the English Football League's financial rules when it earned promotion in the 2023-24 season.Earlier this month, it lost its bid to overturn that punishment, leaving it mired in the relegation zone.It is a dramatic fall after Leicester's fairytale-like title triumph 10 years ago.It had spent the 2014-15 season battling relegation from the top flight and only an unlikely winning run in the final weeks of that campaign saved them.What followed was a remarkable title charge that saw it finish 10 points clear of Arsenal at the top of the standings.In 142 years of existence, Leicester has played just one season in the third tier of English football, winning the League One title in 2008-09 and was promoted back to the Championship.Slipping down the football pyramid is costly mainly because of the decreasing broadcast revenue.In the 2023-24 season, League One clubs' average total revenue was $17 million, which was about one-quarter of Championship clubs' average revenue, according to Deloitte.The average revenue for Premier League clubs that season was $422 million.The ABC of SPORTSports content to make you think... or allow you not to. A newsletter delivered each Saturday.AP
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