They still had to pay a record fee (by absolutely miles) for a non-league player for Vardy - not even sure that's been broken now and he signed for them in 2012!
So yeah, one of the bargains of all time as it turned out, but it was a massive outlay/gamble on someone who was playing glorified parks football only a couple of years before.
No-one cares that much about wasted transfer fees though if you're doing well and winning things. Didn't matter that Fergie grossly overpaid for Nani, Anderson was complete shite and Bebe is one of the great cons of all time (all in the space of a year or two), Man Utd were still the best team in the country, it just gets written off. Leicester are having the greatest period in their entire history and by some distance, so even though there's well over £100m thrown away on that list above, their fans aren't going to mind too much. I can point out they're not as hot on transfers as many seem to think but it's by the by.
When he eventually leaves for free or next to free then I'll be mildly miffed that we chucked £16m on Cutrone for no reward and only clawed back a small bit in loan fees, but hey. I've never seen a Wolves team as good as the one we've had since August 2017, I can take that kind of hit. It's not like when we were doing absolutely nothing in the 90s AND wasting money on the likes of Atkins, Daley and Corica.