Leicester City’s Thai owners, King Power, are reportedly seeking more than £200 million for the English football club as they prepare to end their 16-year ownership.
The Foxes have been placed on the market through an eight-page sales booklet prepared by US investment bank Citigroup, which is seeking potential buyers for the club and several of its major assets.
According to BBC Sport, the sales include Leicester’s men’s and women’s teams, the 32,000-capacity King Power Stadium and the club’s Seagrave training facility, which opened in 2020 and is valued at about £121 million.
Leicester’s Belgian sister club, OH Leuven, is also included in the proposed sale.
King Power prepares to exit
Citigroup has branded the sales process “Project Lineup”, describing Leicester as a “rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions”.
The sales pitch highlights the club’s historic achievements, including their remarkable 5,000-1 Premier League title triumph in 2016 and FA Cup success in 2021.
However, the document does not highlight Leicester’s dramatic decline in recent seasons, including consecutive relegations that have taken the club from the Premier League to League One.
The Foxes were relegated from the Premier League in 2023 before returning to the top flight a year later. They were relegated again in 2025 and suffered another drop to League One last season.
Financial losses complicate sale
While the sales document projects Leicester’s turnover at more than £97 million for the 2026 financial year, it reportedly does not include the club’s recent financial losses or outstanding debts.
Leicester recorded losses of more than £180 million during their recent period of instability between the Premier League and the Championship.
The club’s 2025 accounts showed £103.6 million in bank loans, highlighting the financial challenges facing any potential buyer.
Despite those concerns, the club’s physical assets could make Leicester an attractive proposition for investors looking to acquire an established English football brand.
The Seagrave training complex alone is valued at £121 million, while the King Power Stadium provides a significant commercial and sporting asset.
Leicester face new era in League One
King Power took control of Leicester in 2010 and oversaw the most successful period in the club’s history.
Under the Thai ownership, Leicester rose from the Championship to become Premier League champions, won the FA Cup and established themselves as regular European competitors.
The club also reached the UEFA Champions League quarter-finals in 2017 and the Europa Conference League semi-finals in 2022.
.
Head of Sports at BusinessDay Media, a seasoned Digital Content Producer, and FIFA/CAF Accredited Journalist with over a decade of sports reporting.Has a deep understanding of the Nigerian and global sports landscape and skills in delivering comprehensive and insightful sports content.
Comments
Start the conversation about this story.