Leicester are also in a bit of a pickle with FFP while needing to rebuild and sort new contracts out. It's in their interest to gain as much from Maddison as possible.Exactly. £70mill is getting laughed at by the barcodes...but that's what it will take IMO for the reasons you've said...he's English, 25, an international playing for a top 8 side.
As @catcherintherye said, there's some odd decisions being made. To some extent, I think a more measured approach is prudent when you consider FFP.
The likes of Botman and Pope will improve them and they'll likely be a decent mid-table team, but I was expecting at least one marque signing.