There's lots more still to discuss so stay with us this afternoon. Here's what you can look forward to:

• Although Leicester's season has been poor, Newcastle are suddenly flying. We'll be looking at the recent run of Eddie Howe's team after they made history by winning the Carabao Cup
• Could Champions League football be on the horizon for the Magpies as they currently sit in a top-five position?
• A huge night awaits in the Champions League at the Emirates Stadium as Arsenal take on Real Madrid. Do the Gunners stand a chance against the 15 time winners? We'll have all the build-up later on

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Good afternoon! If you are just joining us, we have been discussing Leicester's defeat last night; how clubs can stay longer in the Premier League without being relegated again and the possibility of a second Premier League:

• Leicester's 3-0 defeat to Newcastle yesterday means they have lost eight successive home games without scoring
• Do Leicester and Southampton's campaigns mean it's too difficult to stay up for more than one season?
• Would a second Premier League help to bridge the gap between the Premier League and the Championship?
• Former Leeds United owner Andrea Radrizzani suggested a second Premier League back in 2018 to help promote Championship clubs

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Michael, Formby:Re Steve at 11:56. This notion of the Big Six Rules is nonsense. First of all any PL rule has to be passed by 14 clubs. If the big 6 were in charge you can guarantee they would want more TV money as an example. The issue is actually the "middle" teams, who are too good to go down, but not good enough to challenge. They make a lot of money by being in the PL and would never ever vote to change that. And if we are being honest, as would Leicester, if they were in that position.

Nick Mashiter
BBC Sport football news reporter

Van Nistelrooy's honesty had been welcomed by the squad and his methods, along with assistant Brian Barry-Murphy, were refreshing, but it has not worked.

After a season at PSV and four games as Manchester United caretaker, Van Nistelrooy may have put the time in at youth level and as a national coach with the Netherlands but he has been unable to prove himself at Leicester.

The Foxes gambled having fired Steve Cooper when they were 16th in the table in November, the former manager's reputation remaining intact as Leicester were far more competitive under him.

Van Nistelrooy is fortunate the fans have slipped into apathy, feeling disconnected with a club where the hierarchy rarely speaks to them.

Supporters are so resigned they have not had the energy to turn on him, instead focusing their attention on director of football Jon Rudkin.

They view him as central to the decline of the club and, after what will be a damaging relegation, change looks to be needed at the King Power Stadium.

Imagine that eh? No League Cup.

It means Newcastle wouldn't have had their day in the sun last month and we'd have never had that live page full of dog pictures.

It doesn't bear thinking about.

Image source, Getty Images

In 2020, Premier League clubs "unanimously agreed" that 'Project Big Picture' will not be "endorsed or pursued".

The controversial plans, proposed by Liverpool and Manchester United, were rejected at a meeting of the 20 clubs in England's top flight.

What was proposed?

• The Premier League cut from 20 to 18 clubs, with the Championship, League One and League Two each retaining 24 teams.
• The bottom two teams in the Premier League relegated automatically with the 16th-placed team joining the Championship play-offs.
• The League Cup and Community Shield abolished.
• Parachute payments scrapped.
• A £250m rescue fund made immediately available to the EFL & 25% of all future TV deals.
• £100m paid to the FA to make up for lost revenue.
• Nine clubs given 'special voting rights' on certain issues, based on their long time in the Premier League.

Kieran Maguire
Football finance expert on BBC Radio 5 Live

We have an established middle class in the Premier League with teams such as Crystal Palace, Brighton and Brentford. Five years ago, teams coming up were competing with seven or eight teams to go down. That pool has declined significantly. Even if a team is spending big money by their standards, the money is low in the eyes of the Premier League unless you are prepared to invest in both wages and transfer fees.

On Parachute payments: The purpose was to allow the teams that were coming up to offer better terms and therefore have a shot at establishing themselves. Teams like Brighton and Brentford have been successful in doing that. The problem with this in the Championship is that clubs are getting more than others. At present, the clubs at the top such as Burnley, Sheffield United and Leeds are well ahead of the group and these teams have all been relegated in the last few seasons.

Nick Mashiter
BBC Sport football news reporter

It is a matter of when and not if Leicester return to the Championship after a season which has lurched from crisis to desperation.

Eight straight defeats without scoring, no home league goals since 8 December and 15 points adrift of safety with 21 left available.

Monday's 3-0 defeat to Newcastle leaves them staring at the drop, which could come as early as Easter Sunday when they host leaders Liverpool.

Even with seven games left the post mortem of the season can already start with Ruud Van Nistelrooy's future the first topic on the agenda.

He swerved questions about it after the game, only saying: "The most important thing is the club and these players, that's what I would say for now."

Jason Burt
Telegraph journalist on BBC Radio 5 Live

A good manager makes a huge difference. I rate Russell Martin very highly and he is a better manager than Southampton. He tried to implement a style that the players weren’t good enough to play. You could argue that he put himself first in doing that, by not changing his style.

A good manager has got a very clear and practical way of playing. You have to implement your style with the players you have. That’s why Manchester United are suffering so badly at the moment under Ruben Amorim.

A best measure of managerial success is – Is that player better than when they came to that club? Has the manager improved that player? Pep Guardiola is one of the best measures of that, he improves players no matter what the price tag.

Image source, Getty Images

In 2018, former Leeds United owner Andrea Radrizzani called for the creation of a 'Premier League 2' to help Championship clubs receive more television revenue.

"We lose money and we are creating a show that is high-interest for everybody," said Radrizzani.

The Italian claimed clubs like Leeds being "watched by 500,000-600,000 people live on Sky" but only getting £2m-£2.5m from the league for having their games televised - the rest made up via the EFL - "actually penalises us".

"We're always on TV, maybe more than 20 times. It doesn't work," he added.

At the time Radrizzani said that he was yet to discuss the idea of a 'Premier League 2' with other owners of Championship clubs, but believed there was a consensus for change.

"I think the other chairmen would love to open a conversation," he said.

"The time is getting ready to consider what to do to move forward so we don't have a crisis every two years when a club go bankrupt or changes ownership every other year."

Hello if you are just joining us! We are discussing what life is like at the bottom of the Premier League for newly promoted clubs and how do clubs avoid bouncing straight back down:

• How often do promoted clubs go straight back down? Take a look at the statistics of how many teams only stay in the Premier League for one season
• How often do relegated clubs bounce straight back?
• Rory Smith, chief Soccer Correspondent for The Athletic, speaks on BBC Radio 5 Live about how promoted teams can stay up

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Premier League 2 already exists, but not in the format reader Adam was suggesting.

At this current moment, Premier League 2 is essentially an Under-21s league used for developing talent.

The official Premier League website describes the competition as "an essential part of the suite of competitive experiences available to players in the Professional Development Phase."

It adds: "Its aim is to expose players to the rigours and challenges of senior football, while retaining a development focus."

Kieran Maguire
Football finance expert

Leicester have got themselves into a pickle. They seem to have budgeted to finish eighth in the Premier League each season.

They are the only club in the history of the Premier League to have paid more money out in wages than they have brought in in revenue, which is not a trophy that you want to wear. There were errors made and a complacency and arrogance about the club and they had the attitude that relegation was impossible. That is always a risk and often can become a self-fulfilling prophecy.

Remember, you can watch Nicky Campbell's BBC Radio 5Live show at the top of this page on Life at the bottom of the Premier League.

But if you maybe want some more positivity on your Tuesday, you can watch The Football News Show as they build-up to this week's Champions League quarter-finals. Click on the 'Watch & Listen' tab on this page.