Why Leicester City blocked Rangers’ move to sign Conor Coady revealed | OneFootball

Conor Coady made the switch from Leicester City to Wrexham this summer

Conor Coady departed Leicester City for Wrexham earlier this window despite interest from Scottish giants Rangers.

According to Sky Sports, the Foxes rejected an offer from the Glasgow outfit as they were seeking a deal that would see the defender leave as a free agent.

Coady signed for the Championship side in 2023 following their relegation from the Premier League, arriving from Wolves.

The 32-year-old made 34 appearances across two campaigns, but entered the final 12 months of his contract before departing for Wrexham.

Why Leicester blocked Coady’s potential Rangers switch

It’s been reported that Coady thought he’d be allowed to leave the King Power Stadium as a free agent this summer due to the sizable nature of his wages.

It was understood that the Foxes’ priority would be to get the centre-back’s salary off the books, rather than seek a fee in order to sanction a sale.

However, Leicester held out for a deal, which it’s believed led to the club blocking a proposed move to Ibrox for nothing.

This opened the door for Wrexham, who reportedly paid £2 million to sign the player from their Championship rivals.

Leicester are not in a strong financial position, with the club at risk of being deducted points for failing to comply with profit and sustainability rules.

Coady is the only sale the Foxes have been able to agree this summer, with any funds coming in a positive at this stage.

Leicester City’s summer business

Daniel Iversen, Danny Ward and Jamie Vardy have all also departed the King Power this summer, but all three did leave as free agents.

Meanwhile, the Foxes have completed just one signing of their own, which was to bring Asmir Begovic into the team for nothing after his exit from Everton.

It remains to be seen when an outcome of Leicester’s tribunal with an independent commission will arrive.

But Martí Cifuentes’ side are scheduled to begin their league campaign on Sunday with a 4.30pm kick-off at home against Sheffield Wednesday.

Leicester did well to get £2 million for Coady

It’s no surprise Rangers weren’t willing to pay a fee for Coady at this stage of his career because he is far from his peak ability now.

He had a difficult couple of years at Leicester, struggling for fitness and regular game time, so the Premiership club were right to avoid paying over the odds for him.

Wrexham opting for a £2 million fee worked out well for Leicester, but it’s hard to imagine that single sale being enough to help alleviate their financial position.

Getting his wages off the books was definitely a positive, but further sales could be needed before 1 September.