Leicester City boss Nigel Pearson states the Championship club will have due regard to the new Financial Fair Play regulations when making a major investment in the side during the summer. Pearson told BBC Radio Leicester they would not be "throwing cash around".

"We are very fortunate to have wealthy benefactors who are committed to the long-term future of the club."

But he said: "We'll be able to do some significant developing of the squad."

Pearson added: "Just because I say we will do business, it does not mean it will be a free-for-all with spending.

"We will always try to bring players in who will give us value for money, not just in the immediate term.

"If we are to spend money on players, they have to be sound investments as well.

"Clearly with the Financial Fair Play, there will be a number of clubs who will have to look very carefully at the structuring of how you do your business, both in terms of money spent and the salaries of players.

"Along with a number of other clubs, we will have to be a little bit more thoughtful in how we do that."

The new rules mean owners will be allowed to invest £6m next season, £5m the year after, then £3m in the 2014-15 season.

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