Just seven years after the greatest day in their history, Leicester suffered one of their worst of modern times.

Despite the unrest last summer, relegation should have been unthinkable for the seventh-best paid squad in the Premier League, coached by a proven top-flight boss in Brendan Rodgers.

Yet a series of errors from the boardroom downwards contributed to this debacle.

Leicester will conduct a review of what went wrong but expectations need to be reset immediately. The club who won the title seven years ago and FA Cup two years ago is no more.

A complete reset is required and everyone at the club must change their mindset. Here Mail Sport looks at three key steps to take.

Act decisively

There is no benefit to James Maddison and Harvey Barnes reporting for duty at the start of pre-season when everyone knows they want to leave and that Leicester need to sell them.

It will muddy the waters for a new manager trying to build a squad to win immediate promotion, and affect his attempts to forge a strong team spirit within a new group of players.

While transfer negotiations are rarely simple, both players have suitors and crave Premier League football. So this is the time to establish the nature of the market, have pragmatic discussions and get a deal done.

Leicester will likely not receive the same fees they would have banked had Barnes and Maddison been sold last summer. But these are the gambles clubs must take and this time, Leicester lost out.

They are now a Championship side and will be treated as such. Second-tier clubs are very rarely involved in £50million transfers and the sooner the Foxes understand this, the better.

Hold talks with Vardy

Although his powers are waning, Jamie Vardy did enough in Dean Smith’s eight-game spell to show he is still a dangerous striker – and this will remain the case at a lower level.

If he still has the appetite, Vardy – who is comfortably the club’s highest-paid player – will be a key man in the Championship, while also retaining a link to the glory days of the Premier League title in 2016 and FA Cup victory five years later.

Yet the Championship is a long haul and though nobody doubts Vardy’s professionalism and work ethic, he may need a serious think about what lies ahead. 

This is a genuine Premier League great. Does he really want to spend the last year of his contract travelling to Plymouth and Rotherham for midweek away fixtures in winter, a scalp for centre-backs not fit to lace his boots?

On the other hand, what better way to cement a legacy than to lead Leicester back to the top flight in the final year of his contract? Vardy’s place in Leicester’s history is assured but this would be a wonderful final chapter.

Back the coach

Dean Smith will hold talks with chairman Aiyawatt Srivaddhanaprabha and director of football Jon Rudkin on Tuesday. Smith won promotion to the top flight with Aston Villa four years ago but his last bid to do so ended with the sack at Norwich last season. He is a good manager but his credentials are far from impeccable.

Rudkin and Srivaddhanaprabha – known as Khun Top – will have plenty of voices in their ears at this time, from inside and outside the club, and all pushing their own agendas.

Some will favour an experienced, ‘big name’ like Rafael Benitez. Others a younger candidate with a bold, clear style, in the mould of Vincent Kompany at Burnley. Other still will push managers who understand the Championship and its unique demands.

Whoever it is, Khun Top, Rudkin and recruitment chief Martyn Glover must be fully behind him and be prepared to build a squad he can work with successful. Otherwise, another long season awaits.

Leicester City drew 2-2 with Everton on Monday night in a relegation six-pointer that saw both sides drop crucial points in their bid to stay in the Premier League.

Dominic Calvert-Lewin put the hosts in front from the penalty spot, but Atletico Madrid-bound Caglar Soyuncu equalised and Jamie Vardy nudged the Foxes ahead in the first half.

James Maddison missed a penalty deep in first-half stoppage time, and Alex Iwobi scored an equaliser for the Toffees in the 54th minute.

Neither side were able to find a winner during the match, with Abdoulaye Doucoure denied a late winner by Daniel Iversen.

Here, Mail Sport’s TOM COLLOMOSSE shares some of the more unusual talking points from Leicester City 2-2 Everton.

James Maddison is not the only Leicester player likely to attract bids from high-profile Premier League clubs this summer. 

Harvey Barnes drew interest from Newcastle a year ago and after registering 10 goals this season in a struggling team, the homegrown winger will have suitors circling once more. 

Leicester wanted about £60million for Barnes, 25, in 2022 and would struggle to command anything close to that sum if they were relegated. 

Barnes’ contract expires in 2025 and he is a proven Premier League performer who played a key role in Leicester’s recent golden period from 2019-2021, when they won the FA Cup and twice finished fifth.

Conor Coady is another who faces an uncertain future this summer. 

The centre-back is coming to the end of his season’s loan at Everton, who have an option to buy him for £4.5m from Wolves. 

But Coady has not started a game since Everton’s 2-0 home defeat by Aston Villa on February 25 and it is hard to imagine Everton making the move permanent, especially if Sean Dyche keeps them up. 

He would then return to parent club Wolves in the summer. Former boss Bruno Lage allowed Coady to leave and his successor Julen Lopetegui already has four centre-backs, so there may not be room for the 30-year-old back at Molineux either.

The presence of Premier League title winners Kasper Schmeichel and Shinji Okazaki at King Power Stadium was a reminder of what Leicester have lacked this season. 

As well as high quality, it was the never-say-die attitude of players like these that epitomised Leicester’s remarkable march to glory seven years ago. 

Schmeichel’s powers were waning before he joined Nice last summer and he could be an abrasive character – but he demanded high standards from those around him.

 A little more of that would surely have seen Leicester safe long before now.

Everton deserve most of the criticism thrown their way this season but nobody could accuse them of failing to do their penalty research. 

Jordan Pickford’s drinks bottle appeared to have detailed diagrams attached to it of where each Leicester kicker preferred to shoot. 

Sure enough, Pickford stood his ground when Maddison went down the middle in first-half stoppage time – just as the crib sheet predicted – and was able to make a routine save.

It has been a hugely difficult season for Jamie Vardy but here he was back to his impish best. 

The 36-year-old scored his second in as many games, hit the bar and had a header cleared off the line – despite touching the ball only 16 times in the opening 50 minutes. 

Given he looked so dangerous, it was a real surprise that Vardy did not take Leicester’s penalty at the end of the first half.

Indian film star Ranveer Singh is used to high drama but even he could not have scripted the wild events at King Power Stadium on Monday. 

Ranveer has 14 million followers on Twitter and was a guest of Leicester for this one.

If this is the entertainment on offer, it would be no surprise to see him back for more.