Leicester City put up for sale for more than £200m by King Power
Leicester City’s Thai owners, King Power, have put the League One club up for sale for a fee exceeding £200m, ending a 16-year association with the East Midlands side.
An eight-page sales brochure titled ‘Project Lineup’ has been circulated to prospective buyers by leading US investment bank Citigroup.
The document values the club’s physical assets at more than £200m, although no specific asking price has been attached to the struggling football operations themselves.
Major assets and physical infrastructure
The prospective sale includes the 32,000-seat King Power Stadium and the club’s affiliated women’s team.
Also packaged in the deal is the £121m Seagrave training facility, which opened in 2020, alongside Belgian sister club OH Leuven.
The promotional material heavily focuses on past glories to entice prospective investors.
A rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions.
Prospective buyers are reminded that the Foxes remain one of only five English teams to have won the Premier League, FA Cup and League Cup since 2000.
Financial realities omitted from sales pitch
While the brochure leans on the legendary 5,000-1 top-flight title win in 2016, recent sporting failures are notably absent.
There is no mention of the team’s current status in the third tier following back-to-back relegations from the Premier League and the Championship.
Citigroup projects a turnover of more than £97m for the 2026 financial year in an effort to attract new ownership.
However, the glossy pitch omits the staggering £180m losses incurred during a turbulent three-year period between 2023 and 2025.
The 2025 accounts also outline significant debts hanging over the former English champions, including £103.6m in outstanding bank loans.
End of an era for the Srivaddhanaprabha family
King Power originally purchased the club for just £35m from Milan Mandaric in 2010.
Current chairman Khun Aiyawatt ‘Top’ Srivaddhanaprabha took control following the tragic death of his father, Khun Vichai, in a 2019 helicopter crash.
Just eight months ago, Khun Top publicly accepted full responsibility for the dramatic demise of the football club.
Disgruntled supporters have increasingly demanded a change of ownership, staging vocal protests outside the stadium after their drop into League One was confirmed last season.
The decision to seek new investment coincides with reported financial difficulties for the wider King Power duty-free empire in Thailand.