He has signed a two-year, £1million-a-year deal with the Foxes' new Thai owners, just eight months after walking out of Notts County, having never met the money men.
Eriksson said: "I did more checking here than I did at Notts County because I didn't want it to be like that. If you look at the company they own, then it's obvious the money is there.
"But the owners behind this are real people. I have met them!
"At Notts, I could see after six months it wasn't real - I met representatives, but here it is straight. I'm not frightened, this is a real project.
"They want to get to the Premier League as quickly as possible and they are willing to spend what is needed to reach that target. The money is there to support that idea.
"I think Manchester City worked out very well. The club played good football, with good results, then at end I wasn't wanted and I still don't know why."