Leicester's finances explained

£194 million owed by Leicester City Football Club to it's parent company King Power International, has been written off by the chairman Khun Top.

A financial arrangement known as a "debt to equity" conversion has cleared the debt.

The decision came just a day after the Football Club completed it's business in the January Transfer Window-- their busiest window since 2021.

Football Finance Expert Kieran Maguire explains what it means for Leicester's future.