In May 2016, Leicester City wrote one of the most remarkable chapters in the history of football. Against all expectations, a club widely tipped for a relegation battle went on to win the Premier League ahead of England’s traditional giants. Ten years later, in March 2026, the reality could hardly be more different : the Foxes are fighting for survival in the Championship and face the genuine prospect of dropping into League One, the third tier of English football. How did a club that once embodied the greatest miracle in modern football find itself staring down such a dramatic decline ?