Leicester City Owners Put Club Up For Sale For Over £200m

Leicester City have reportedly been put up for sale for more than £200 million, with Thai owners King Power preparing to bring their 16-year association with the club to an end.

According to Ireporter Online, the club has appointed US investment bank Citigroup to oversee the potential sale, with an eight-page sales brochure titled “Project Lineup” already being circulated among prospective investors.

The proposed deal reportedly covers Leicester’s men’s and women’s teams, the 32,000-capacity King Power Stadium and the club’s Seagrave training facility. Belgian sister club OH Leuven is also included in the proposed transaction.

The Seagrave training complex, which opened in 2020, is reportedly valued at about £121 million, while Citigroup has estimated Leicester’s physical assets at more than £200 million. However, no specific valuation has been attached to the club’s playing squads.

The sales brochure reportedly presents Leicester as an attractive investment opportunity, highlighting the club’s history of promotion success and its remarkable achievements in English football.

Among the major accomplishments highlighted is Leicester’s stunning Premier League title triumph in 2016, when the club defied 5,000-1 odds to win the championship. Their FA Cup success in 2021 is also reportedly featured.

However, the document does not reportedly highlight Leicester’s current position in English football. The club have suffered consecutive relegations from the Premier League and Championship and are set to begin the new season in League One.

Citigroup has reportedly projected Leicester’s turnover at more than £97 million for the 2026 financial year. The sales document, however, does not include details of the club’s recent financial losses or reported debts, including £103.6 million in bank loans recorded in its 2025 accounts.

Leicester reportedly lost more than £180 million during their years of movement between the Premier League and Championship, while the club suffered two top-flight relegations within three seasons between 2023 and 2025.

King Power, owned by the Srivaddhanaprabha family, acquired Leicester in 2010 from Milan Mandaric for approximately £35 million.

Following the death of his father, Khun Vichai Srivaddhanaprabha, in a helicopter crash outside the King Power Stadium in 2019, Khun Aiyawatt “Top” Srivaddhanaprabha became chairman of the club.

Reports that Leicester could be sold first emerged in July, but the circulation of the sales brochure now indicates that the ownership is actively exploring a potential change of control and seeking interested investors.

The development comes several months after Top reportedly accepted responsibility for the club’s dramatic decline. Supporters have increasingly demanded a change in ownership, with protests reportedly taking place outside the King Power Stadium following the club’s relegation from the Championship.

Leicester’s struggles have also coincided with financial challenges affecting King Power’s duty-free business in Thailand, which has maintained a close relationship with the football club since the takeover.

Despite Leicester’s current difficulties, the sales material reportedly emphasises the club’s unique achievements, noting that the Foxes are among only five English clubs to have won the Premier League, FA Cup and League Cup since 2000.

The brochure also reportedly highlights the potential of Leicester’s academy and scouting system, describing the club as having a strong pipeline of young talent capable of producing high-level players.

That reputation was recently underlined by the reported £10 million sale of academy graduate Jeremy Monga to Manchester City.

Leicester, who have now been relegated to League One for only the second time in their history, are set to begin their latest campaign under head coach Russell Martin with an away fixture against Notts County on Saturday.