We could quite easily be playing them again in a couple of seasons.
Have you seen how bad their finances are? Have you seen how poor their Prem players that are on up to 90k a week have been? Nobody is willing to take on these players at the wages they are on especially after how poor they have been.
They used up the last of their parachute payments before the start of the season. That didn't keep them going for long. Everything they loaned came with interest of about 10%. They have a training ground that costs between 15m and 20m a year to run.
Their owner used to have a very profitable company doing duty free. Their best customers were Chinese where a lot of them would get a flight, but lots of designer items, then they would fly straight back. COVID hit them hard. They struggled to pay the high rents at the airports without customers. They still don't have most of their Chinese customers back. They only got to keep their business running by agreeing with lower rent but IIRC they have to hand over 36% of their profits to their landlords. So their income is much lower and they have to hand over a third of them. That's why their owner Top started taking massive loans off Macquirie bank at very high interest rates secured on their club.
It now looks like they will be going into administration minimum. You must pay all football debts or you get hit harder with a points deduction. Theirs is going up all the time by about 2.5m a week. Sheffield Wednesday look to be getting hit with another 15 points deduction for next season just because their new owners offer to take them out of administration didn't give Chansiri enough of his money back. This is on top of the points deductions they have already had. Leicester will be in this position. They could start the season with enough points deductions to already relegate them. And that's if they are lucky enough to get away with administration. If Macquirie bank calls in the debt and it can't be covered then they could be looking at going to the wall.
This isn't a full list of their problems. Playing against us for several years at least isn't looking likely.