Leicester chief executive Paul Aldridge: "It will be a process over the summer because the players have contracts. What the club might like to do is not always what happens.
"Clearly we have good players who are desirable. Until we sit and talk to the players and their agents, I don't know what their desire is. If a player really has his heart set on going then it's difficult, but that's not to say we have had that.
"We are a football club and we have never been in this division. That's the biggest blow and throwing a cheque at that won't make it go away.
"It's a financial blow, no doubt about it, but it's not the catastrophic one of falling out of the Premier League. It's a big blow but we do have incomes and we do have a reduction in our costs.
"From a sporting perspective, for our dream and goal to get back into the Premier League, it's a big dent in it. It's more of a sporting blow than a financial one.
"The majority of players have got a contract where all basics and bonuses are reduced in the lower division. The overall amount for the same number of players will be less in this division than the Championship."
Source: EADT
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