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Brendan Rodgers says Leicester must be cautious with transfers

Brendan Rodgers says that Leicester have to manage their finances carefully in the transfer window.

The Foxes are yet to sign anybody this summer while key players such as James Maddison and Wesley Fofana have been linked with moves away from the club and Rodgers has stressed the importance of balancing the books.

The Leicester manager said: "What has changed is my knowledge from a financial perspective.

"I became aware towards the end of the season that the club would have to balance its books, then of course that becomes very difficult.

"This club will not look to spend money they don't have and that is where the club is stable and they will always be very sensible."

The Foxes missed out on European qualification last season and Rodgers conceded that the club are unlikely to compete for silverware this season.

He told BBC Radio Leicester: "This is a fantastic club, the owners are amazing with where we have been and trying to fight against the so-called elite clubs.

"I have at least been able to be competitive and challenge those. Unfortunately for us this year it's going to be difficult to put that in place.

"It may change over the course of the rest of the window, but once I found that [the club's financial situation] out, I had to go back in and focus on what we have, rather than what we don't have.

"If we can challenge for the European places then that is where we want to bring the football club."

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