This could have brought a sudden end to Leicester's seven-year rise, but seven wins from their final nine league matches meant The Foxes finished the season in 14th place with 41 points. On 13 September 2007, Mandarić announced Gary Megson as the new manager of the club, citing Megson's "wealth of experience" as a deciding factor in the appointment. Rumours began emerging some days later that players had been meeting with the owners to discuss Ranieri's sacking without Ranieri knowing, which sparked widespread outrage over social media, but these were never proven. In the minutes it says they’d decided to have a crest and because of the links with the Atherstone Hunt, they would have a fox’s head with riding crops underneath on the badge.

Craig Shakespeare, having impressed during his caretaker spell, was appointed full-time on a three-year contract. A 2–0 victory at Sunderland on 10 April, coupled with Tottenham Hotspur's 3–0 win over Manchester United, ensured Leicester's qualification for the UEFA Champions League for the first time in their history. The fastest goal in the club's history was scored by Matty Fryatt, when he netted after just nine seconds against Preston North End in April 2006. They have won three League Cups (1964, 1997, 2000) but their biggest success was winning the Premier League in 2015-2016.

Striker Arthur Chandler is currently the club's all-time record goal scorer, netting 273 in his 12 years at the club; he also found the net in 8 consecutive matches in the 1924–25 season. However, Leicester lost the playoff semi-final 3–2 on aggregate to Watford after Manuel Almunia made a double save from an Anthony Knockaert late penalty and Troy Deeney scored at the other end following a swift counterattack. Formed in 1884 by a group of old boys of Wyggeston School as "Leicester Fosse", the club joined The Football Association (FA) in 1890. In August 2010, following agreement on a three-year shirt sponsorship deal with duty-free retailers the King Power Group, Mandarić sold the club to Thai-led consortium Asian Football Investments (AFI), fronted by King Power Group's Vichai and his son Aiyawatt Srivaddhanaprabha.

The design is similar to the 1972 version, only the fox’s head is depicted not in profile but in full stature. Taylor was sacked after a poor start to the 2001–02 season, and his successor Dave Bassett lasted just six months before being succeeded by his assistant Micky Adams, the change of management being announced just before relegation was confirmed. Since 1992, the club's badge has featured a fox's head overlaid onto a Cinquefoil; the Cinquefoil is similar to the one used on the coat of arms of Leicester. Use this Chelsea Football Club Stencil along with a little paint to transfer the Chelsea Football Club Crest/Badge design onto any surface including walls, floors, furniture or fabrics.They won the League Cup in 1964, 1997 and 2000 respectively, and were finalists in 1964–65 and 1998–99. Leicester won the Division Two championship in 1954, [18] with the help of Arthur Rowley, one of the club's most prolific strikers. The club's former training ground Belvoir Drive now serves as the training ground for Leicester City Women. One book was titled "The Unbelievables", a spin-off harking back to Arsenal's undefeated team " The Invincibles".