The irony was not lost on Sven-Goran Eriksson. Having spent most of the summer trying and failing to sign Nicky Maynard, the Leicester City manager was forced to endure the sight of the Bristol City striker scoring in each half to inflict a second home defeat in five days. The damage might have been worse for Leicester but Maynard missed a penalty on the stroke of half-time.

It was just about the only thing he did wrong on a night when it was easy to see why Bristol City have turned down three offers from Leicester for the 24-year-old. His goals were wonderfully taken and ensured City picked up their first points of the season against a Leicester side clearly struggling with their status among the Championship favourites. Boos predictably rang out at the final whistle.

Two defeats and only three points from the opening three matches were not what Eriksson or the Leicester supporters had in mind after the club's Thai owners sanctioned a £10m summer spending spree that brought in 11 new faces. The home team improved for a period at the start of the second half, when David Nugent hauled them level with a 20-yard shot, but otherwise this was a disappointing performance that highlighted their shortcomings at both ends of the pitch.

"It's very bad to lose a second game at home in a few days," said Eriksson, who made four changes from the side that lost on Saturday, including dropping Matt Mills, a £4.5m signing from Reading. "Nobody is happy but I thought quality-wise we were better [than against Reading. We have to lift the players because we can't go on losing games. We all know the ambitions we have. It's not good enough."

Eriksson was effusive in his praise of Maynard, although he suggested it would be nigh on impossible to sign the forward, who is valued at more than £5m. "He's always dangerous because of the pace he has. On the halfway line you need two players because with his pace he can beat anyone," said Eriksson. "But I am not sure the player wants to come or that the club wants to sell him. It's very difficult."

Maynard's first goal arrived in the fifth minute after Gelson Fernandes, who endured a dreadful night, felled Jamal Campbell-Ryce on the edge of the penalty area. After working a short free-kick routine Maynard drilled a superb shot in off the upright.

The same two players tangled again in the 45th minute, prompting Nigel Miller, the referee, to point to the spot. Maynard stepped forward confidently but side-footed his kick against the crossbar.

It was a reprieve for Leicester and one they capitalised on 11 minutes after the restart, when Dean Gerken, who started in goal for Bristol City in place of David James, was unable to keep out Nugent's shot despite getting both hands to the ball. The visitors might have imploded at that point but instead it was Leicester who pressed the self-destruct button, when Sean St Ledger allowed Maynard to dispossess him. The striker cut inside Sol Bamba before beating Kasper Schmeichel.

It was no more than Bristol City deserved after an impressive counter-attacking display that will ease the pressure on Keith Millen, who was heavily criticised after Sunday's defeat at Cardiff.

The Bristol City manager praised the "spirit" of his players and stated his determination to hold on to Maynard. "No one has given us any money nowhere near to what we would even think about [selling him for], so there's no decision to be made," he said. "I want to keep him."