Matt Gillies then club record incoming fee of £80,000 and the unrest over pay saw Leicester slump to 18th that season in the league. The signing of Derek Dougan for £21,000 from Peterborough United and Jackie Sinclair from Dunfermline for £25,000 the following summer though saw the club rejuvenated and again become a strong force in the First Division. However, having just celebrated victory in the 1966 World Cup and having cemented a reputation as being one of the world's foremost goalkeepers, Gordon Banks was under pressure from upcoming youth star Peter Shilton. Shilton wanted first team football and realised that with
History of Leicester City F.C. 1966, one of the club's most famous players, Gordon Banks, who played for eight years at Leicester, represented England at the FIFA World Cup, where he helped England become world champions and was also nominated for the Ballon d'Or, for European Football of the Year, still to this date, the only Leicester player to be nominated for that award. After a bad start to the season and a bout of illness, Matt Gillies resigned in November 1968. His successor, Frank O'Farrell, was unable to prevent relegation, but the club reached the 1969 FA Cup Final for the final time to