The Red Devils threw away a first-half lead to go down to Brendan Rodgers' Foxes, conceding three second-half goals including one just seconds after Marcus Rashford equalised for 2-2 at the King Power Stadium.
The result means Ole Gunnar Solskjaer's United are winless in three Premier League games and could drop to seventh place by the end of the weekend, with Sportsmail columnist Richards slamming United for not making the most of their all-star squad.
Manchester United are now three league games without a win after losing 4-2 at Leicester City
Richards claims the Red Devils do not have an identity despite their talented first-team squad
'They don't really have an identity,' Richards told Match of the Day. 'With Man United of the past, you know they had wingers, getting strikers into the box, midfielders running into the box also.
'But now, it looks like they're trying to keep everybody happy (in terms of) players. Individually, you've seen what they've got - (Cristiano) Ronaldo, (Paul) Pogba, (Bruno) Fernandes, these players should be shining.
'(Jadon) Sancho has come in, Rashford has