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. Matt Gillies took over from Halliday with the Foxes lying in the relegation zone of the First Division and would go on to become arguably the club's most successful ever manager. Gillies became well known for his ability to spot a good player during his time at Filbert Street bringing through the ranks future FWA Footballer of the Year winners Gordon Banks and Frank McLintock and future PFA Player of the Year Peter Shilton, as well as club favourites Dave Gibson, Lenny Glover and Graham Cross. Leicester reached the FA Cup final twice under the stewardship of Gillies in 1961