Leicester City put up for sale for more than £200m as King Power seeks new owners

Leicester City have been placed on the market for more than £200 million as their Thai owners, King Power, look to end their 16-year ownership of the club.

A sales brochure prepared by US investment bank Citigroup is being circulated to potential buyers under the title “Project Lineup.” The document includes Leicester’s men’s and women’s teams, the 32,000-capacity King Power Stadium, the Seagrave training ground and Belgian sister club OH Leuven.

The club’s physical assets are valued at more than £200 million, although no specific asking price has been given for the football teams.

The sales pitch highlights Leicester’s remarkable achievements, including their historic 5,000-1 Premier League title triumph in 2016 and FA Cup success in 2021. However, the brochure does not mention the club’s current position in League One following consecutive relegations from the Premier League and Championship.

Citigroup forecasts Leicester’s turnover at more than £97 million for the 2026 financial year. However, the brochure does not include details of the club’s recent financial losses or its £103.6 million in bank loans reported in the 2025 accounts.

Leicester have lost more than £180 million during a difficult period that saw them relegated from the Premier League twice between 2023 and 2025.

King Power, owned by the Srivaddhanaprabha family, acquired Leicester for £35 million from Milan Mandaric in 2010. Aiyawatt “Top” Srivaddhanaprabha currently serves as chairman following the death of his father, Vichai, in a helicopter crash outside the stadium in 2019.

Reports that Leicester were being prepared for sale first emerged in July, but the circulation of the sales brochure now confirms that the club is actively seeking new investors.

The move comes months after Aiyawatt accepted responsibility for the club’s dramatic decline. Supporters have increasingly called for a change of ownership, with protests taking place outside the King Power Stadium following the club’s relegation from the Championship.

Despite their current struggles, Leicester are being marketed as one of only five English clubs since 2000 to have won the Premier League, FA Cup and League Cup.

The brochure also points to the club’s academy as a major asset, highlighting its scouting network and record of producing talented players. Academy graduate Jeremy Monga was recently sold to Manchester City for £10 million.

Leicester, who have dropped into the third tier for only the second time in their history, will begin their latest League One campaign against Notts County on Saturday under head coach Russell Martin.

Leicester City declined to comment on the sales brochure when approached by BBC Sport.

By: Paulina Armah/ Radio1.