Micky Adams had guided Leicester back to the Premiership at the first attempt, despite the club spending part of their Division One campaign in receivership before a takeover safeguarded their future. But he was unable to keep them there, and their relegation was confirmed at the beginning of May. A 4–0 thumping of fellow relegation rivals
Leeds United in September appeared to have set the tone for the rest of the season but it was soon followed by a setback of five straight defeats despite promising displays. A run of three wins in five games in November kept Leicester in close contention of survival, with the 2–0 victory at
Portsmouth seeing them rise to as high as 12th; however, it all went wrong as, after a creditable 1–1 draw with eventual champions
Arsenal, the team went into freefall and endured a dreadful run of only one win in 22 games (though most scorelines were reasonably close and they dropped too many points from 12 games they drew which they could have won). Ultimately, Leicester were relegated in a 2–2 draw at
Charlton Athletic, which left them eight points adrift of
Manchester City with two games remaining. It was a traumatic end to a season which had seen the club plagued with crises on and off the field, including the
La Manga controversy when players
Keith Gillespie,
Frank Sinclair and
Paul Dickov were accused of
sexual assault following an alleged incident at a hotel in
Spain (all charges were finally dropped). ==Final league table==